Ascentis Independent Advisors Increases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Ascentis Independent Advisors grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 190.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,425 shares of the company’s stock after acquiring an additional 16,013 shares during the quarter. Ascentis Independent Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $4,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares in the last quarter. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $1,654,000. Allen Investment Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $777,000. Finally, Vise Technologies Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after buying an additional 2,983 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $214.91 on Monday. The company’s fifty day moving average is $207.33 and its two-hundred day moving average is $200.94. The company 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 12-month low of $179.94 and a 12-month high of $215.61.

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.