Fortis Group Advisors LLC Grows Position in Invesco S&P 500 Equal Weight ETF $RSP

Fortis Group Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,575 shares of the company’s stock after buying an additional 4,248 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.5% of Fortis Group Advisors LLC’s portfolio, making the stock its 13th biggest position. Fortis Group Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,631,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Pacific Point Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after buying an additional 52 shares during the period. Drucker Wealth 3.0 LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after buying an additional 55 shares during the period. Strategies Wealth Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after purchasing an additional 55 shares during the last quarter. Battery Global Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after purchasing an additional 55 shares during the last quarter. Finally, HORAN Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.2% in the fourth quarter. HORAN Wealth LLC now owns 4,770 shares of the company’s stock valued at $914,000 after purchasing an additional 56 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 1.1%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $203.83 on Thursday. The firm has a market capitalization of $87.93 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52 week low of $173.00 and a 52 week high of $205.53. The firm’s 50 day moving average is $198.11 and its two-hundred day moving average is $196.24.

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.