Innova Wealth Partners Grows Position in Invesco S&P 500 Equal Weight ETF $RSP

Innova Wealth Partners grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 218.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,105 shares of the company’s stock after acquiring an additional 2,816 shares during the quarter. Innova Wealth Partners’ holdings in Invesco S&P 500 Equal Weight ETF were worth $788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RSP. Root Financial Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% in the first quarter. Root Financial Partners LLC now owns 11,412 shares of the company’s stock worth $2,190,000 after purchasing an additional 103 shares during the last quarter. Horizon Wealth Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.8% during the first quarter. Horizon Wealth Management LLC now owns 28,203 shares of the company’s stock valued at $5,413,000 after purchasing an additional 1,023 shares during the last quarter. Capital Asset Advisory Services LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 57.9% during the first quarter. Capital Asset Advisory Services LLC now owns 3,228 shares of the company’s stock valued at $658,000 after purchasing an additional 1,184 shares during the last quarter. Keystone Global Partners LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 136.5% in the 1st quarter. Keystone Global Partners LLC now owns 18,048 shares of the company’s stock worth $3,464,000 after buying an additional 10,416 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in Invesco S&P 500 Equal Weight ETF by 43.9% in the 1st quarter. Fulton Bank N.A. now owns 2,633 shares of the company’s stock worth $505,000 after buying an additional 803 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

Shares of NYSEARCA:RSP opened at $213.41 on Thursday. The company’s fifty day moving average price is $206.84 and its 200-day moving average price is $200.64. The firm has a market capitalization of $93.19 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $214.95.

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.