Acorn Wealth Advisors LLC Has $4.17 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Acorn Wealth Advisors LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,774 shares of the company’s stock after selling 3,374 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.2% of Acorn Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Acorn Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brookstone Capital Management grew its position in Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Argent Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after purchasing an additional 3,135 shares in the last quarter. Roman Butler Fullerton & Co. grew its position in Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after purchasing an additional 4,358 shares in the last quarter. Banta Asset Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $1,654,000. Finally, Caprock Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $4,966,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $208.83 on Friday. The company’s 50 day moving average price is $199.81 and its 200 day moving average price is $197.16. Invesco S&P 500 Equal Weight ETF has a 52 week low of $174.27 and a 52 week high of $209.32. The company has a market capitalization of $90.09 billion, a PE ratio of 20.10 and a beta of 0.92.

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.