Addison Capital Co Purchases 2,793 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Addison Capital Co raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 135.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,855 shares of the company’s stock after acquiring an additional 2,793 shares during the quarter. Addison Capital Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC grew its position in 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 worth $188,000 after buying an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after purchasing an additional 51 shares in the last quarter. Pacific Point Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares in the last quarter. Merkkuri Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the first quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after purchasing an additional 54 shares during the last quarter. Finally, Jessup Wealth Management Inc increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $214.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The company has a market capitalization of $94.70 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm’s 50 day simple moving average is $207.84 and its 200 day simple moving average is $201.26.

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.