Founders Financial Securities LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Founders Financial Securities LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 22,765 shares of the company’s stock, valued at approximately $4,736,000.

Several other hedge funds have also recently made changes to their positions in the stock. Everett Harris & Co. CA raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.5% in the third quarter. Everett Harris & Co. CA now owns 6,754 shares of the company’s stock worth $1,405,000 after buying an additional 471 shares during the period. Financial Solutions Advisory Group Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Financial Solutions Advisory Group Inc. now owns 12,507 shares of the company’s stock valued at $2,678,000 after buying an additional 56 shares in the last quarter. Choreo LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 45.8% in the 3rd quarter. Choreo LLC now owns 546,773 shares of the company’s stock worth $113,740,000 after buying an additional 171,669 shares during the period. D.A. Davidson & CO. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $74,000,000. Finally, BOKF NA purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $9,485,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.2%

Shares of RSP opened at $220.04 on Friday. The business’s 50 day moving average is $215.09 and its 200 day moving average is $207.64. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The company has a market capitalization of $101.00 billion, a PE ratio of 20.10 and a beta of 0.92.

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.