Capstone Wealth Management Group LLC Takes $6.20 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Capstone Wealth Management Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,301 shares of the company’s stock, valued at approximately $6,199,000. Invesco S&P 500 Equal Weight ETF makes up about 2.6% of Capstone Wealth Management Group LLC’s holdings, making the stock its 14th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $83,931,000. Bison Wealth LLC increased its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $11,553,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at $279,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $214.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37. The firm has a market cap of $95.83 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s fifty day moving average is $207.84 and its 200-day moving average is $201.26.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.