40,691 Shares in Invesco S&P 500 Equal Weight ETF $RSP Bought by Carmel Capital Partners LLC

Carmel Capital Partners LLC acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, HoldingsChannel reports. The firm acquired 40,691 shares of the company’s stock, valued at approximately $8,465,000. Invesco S&P 500 Equal Weight ETF comprises about 3.0% of Carmel Capital Partners LLC’s holdings, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Phoenix Wealth Advisors grew its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% in the 3rd quarter. Phoenix Wealth Advisors now owns 32,191 shares of the company’s stock worth $6,696,000 after buying an additional 2,010 shares during the last quarter. Canvas Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Canvas Wealth Advisors LLC now owns 4,432 shares of the company’s stock worth $975,000 after acquiring an additional 59 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.0% in the third quarter. International Assets Investment Management LLC now owns 28,781 shares of the company’s stock worth $6,015,000 after buying an additional 838 shares during the last quarter. General American Investors Co. Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $6,368,000. Finally, Calamos Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $4,701,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock traded down $0.82 on Friday, reaching $216.05. The stock had a trading volume of 13,096,930 shares, compared to its average volume of 11,916,534. The company has a 50 day simple moving average of $214.78 and a 200 day simple moving average of $208.27. The stock has a market cap of $100.26 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $224.20.

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.