Financial Solutions Advisory Group Inc. Acquires New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Financial Solutions Advisory Group Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,186 shares of the company’s stock, valued at approximately $2,339,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after buying an additional 3,567,441 shares during the last quarter. Morgan Stanley grew its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $306,496,000. Finally, BW Gestao de Investimentos Ltda. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $287,168,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $215.01 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $218.11. The firm has a market capitalization of $97.26 billion, a PE ratio of 20.10 and a beta of 0.91. The stock has a fifty day moving average of $211.72 and a two-hundred day moving average of $203.74.

Invesco S&P 500 Equal Weight ETF 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.