McKinley Carter Wealth Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,059 shares of the company’s stock, valued at approximately $1,676,000.
A number of other institutional investors also recently modified their holdings of RSP. Weaver Consulting Group boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the 3rd quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after acquiring an additional 48 shares in the last quarter. Sage Capital Advisors llc grew its position in Invesco S&P 500 Equal Weight ETF by 2.0% during the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after acquiring an additional 48 shares during the last quarter. Charis Legacy Partners LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% during the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after purchasing an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after purchasing an additional 50 shares in the last quarter. Finally, Tenon Financial LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1.0% in the 3rd quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock valued at $1,079,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.4%
RSP traded down $0.91 during trading on Friday, hitting $214.09. The company’s stock had a trading volume of 10,003,003 shares, compared to its average volume of 11,983,996. The stock has a market capitalization of $98.92 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average price is $215.81 and its two-hundred day moving average price is $210.38. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43.
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.
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