Diversify Wealth Management LLC Raises Stake in Invesco S&P 500 Equal Weight ETF $RSP

Diversify Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1,019.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,267 shares of the company’s stock after buying an additional 54,885 shares during the quarter. Diversify Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of RSP. Brighton Jones LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $83,931,000. Bison Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $279,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded up $0.80 during mid-day trading on Friday, hitting $214.30. The company’s stock had a trading volume of 5,539,473 shares, compared to its average volume of 14,463,745. The business’s fifty day moving average is $208.58 and its two-hundred day moving average is $201.64. The stock has a market cap of $96.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37.

About Invesco S&P 500 Equal Weight ETF

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.