Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Ballast Inc.

Ballast Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,211 shares of the company’s stock after purchasing an additional 11,273 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 4.3% of Ballast Inc.’s portfolio, making the stock its 5th biggest position. Ballast Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RSP. Tred Avon Family Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 76.6% in the 3rd quarter. Tred Avon Family Wealth LLC now owns 3,919 shares of the company’s stock worth $815,000 after purchasing an additional 1,700 shares during the last quarter. Focused Alpha LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 5.0% during the third quarter. Focused Alpha LLC now owns 10,272 shares of the company’s stock worth $2,137,000 after purchasing an additional 488 shares during the last quarter. Freedom Day Solutions LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $6,815,000. Cordatus Wealth Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 64.4% in the third quarter. Cordatus Wealth Management LLC now owns 1,850 shares of the company’s stock worth $385,000 after acquiring an additional 725 shares during the last quarter. Finally, Investment Research Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 4.3% during the 3rd quarter. Investment Research Partners LLC now owns 20,045 shares of the company’s stock worth $4,170,000 after purchasing an additional 832 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.97 during trading on Tuesday, hitting $215.37. 3,910,898 shares of the stock were exchanged, compared to its average volume of 11,912,978. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The stock has a market cap of $99.53 billion, a PE ratio of 20.10 and a beta of 0.92. The stock’s fifty day moving average is $215.68 and its 200 day moving average is $210.69.

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.