Tcfg Wealth Management LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Tcfg Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,791 shares of the company’s stock, valued at approximately $3,185,000. Invesco S&P 500 Equal Weight ETF comprises approximately 0.8% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Oarsman Capital Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 8.0% during the 3rd quarter. Oarsman Capital Inc. now owns 199,917 shares of the company’s stock valued at $37,924,000 after buying an additional 14,839 shares during the period. First Commonwealth Financial Corp PA boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. First Commonwealth Financial Corp PA now owns 2,325 shares of the company’s stock worth $441,000 after buying an additional 73 shares during the period. Sunbelt Securities Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 130.6% during the third quarter. Sunbelt Securities Inc. now owns 24,193 shares of the company’s stock worth $4,589,000 after buying an additional 13,702 shares during the period. Coldstream Capital Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $274,000. Finally, Second Line Capital LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.9% during the third quarter. Second Line Capital LLC now owns 73,936 shares of the company’s stock valued at $14,026,000 after acquiring an additional 1,348 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 1.3%

Shares of RSP opened at $193.47 on Thursday. The company’s fifty day simple moving average is $199.83 and its 200-day simple moving average is $193.29. The company has a market cap of $80.23 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24.

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.