Elevation Point Wealth Partners LLC Buys 7,613 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Elevation Point Wealth Partners LLC grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 69.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,574 shares of the company’s stock after buying an additional 7,613 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sharp Wealth Advisory LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 5.8% in the 1st quarter. Sharp Wealth Advisory LLC now owns 7,177 shares of the company’s stock worth $1,377,000 after acquiring an additional 392 shares in the last quarter. Sound Income Strategies LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 6.1% during the 1st quarter. Sound Income Strategies LLC now owns 2,838 shares of the company’s stock worth $546,000 after acquiring an additional 162 shares during the period. Prasad Wealth Partners LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.3% during the first quarter. Prasad Wealth Partners LLC now owns 91,774 shares of the company’s stock valued at $17,613,000 after purchasing an additional 2,894 shares in the last quarter. Blue Capital Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $2,751,000. Finally, Axis Wealth Partners LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the first quarter. Axis Wealth Partners LLC now owns 9,435 shares of the company’s stock worth $1,811,000 after purchasing an additional 451 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $214.91 on Friday. The company has a 50 day simple moving average of $207.33 and a two-hundred day simple moving average of $200.89. The firm has a market cap of $94.78 billion, a P/E 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 $215.61.

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.