Ascent Wealth Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 12.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 114,734 shares of the company’s stock after purchasing an additional 12,851 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 2.6% of Ascent Wealth Partners LLC’s holdings, making the stock its 6th biggest holding. Ascent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $22,020,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after purchasing an additional 51 shares during the period. Ballast Rock Private Wealth LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.8% in the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares during the period. Pacific Point Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares during the period. Merkkuri Wealth Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after purchasing an additional 54 shares in the last quarter. Finally, Jessup Wealth Management Inc grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.8% during the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
Invesco S&P 500 Equal Weight ETF stock opened at $213.37 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37. The company has a market capitalization of $95.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm’s fifty day moving average price is $209.58 and its 200 day moving average price is $202.35.
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.
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