2,400 Shares in Invesco S&P 500 Equal Weight ETF $RSP Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, HoldingsChannel reports. The fund purchased 2,400 shares of the company’s stock, valued at approximately $499,000.

Several other hedge funds have also made changes to their positions in the company. Segment Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $1,102,000. Rainey & Randall Wealth Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Rainey & Randall Wealth Advisors Inc. now owns 266,045 shares of the company’s stock worth $55,343,000 after purchasing an additional 4,061 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 251.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 71,585 shares of the company’s stock worth $14,891,000 after purchasing an additional 51,216 shares in the last quarter. National Wealth Management Group LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 8.7% during the 3rd quarter. National Wealth Management Group LLC now owns 4,392 shares of the company’s stock valued at $914,000 after purchasing an additional 353 shares during the period. Finally, FSA Wealth Partners Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 9.8% during the 3rd quarter. FSA Wealth Partners Inc. now owns 97,460 shares of the company’s stock valued at $20,274,000 after purchasing an additional 8,737 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

RSP opened at $217.29 on Tuesday. The stock has a fifty day moving average of $215.35 and a 200-day moving average of $207.21. The firm has a market capitalization of $99.69 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

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.