GC Wealth Management RIA LLC Purchases 2,944 Shares of Invesco S&P 500 Equal Weight ETF $RSP

GC Wealth Management RIA LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,546 shares of the company’s stock after purchasing an additional 2,944 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,135,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Towle & Co. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $2,115,000. Mizuho Markets Americas LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $950,000. Gibbs Wealth Management increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.0% in the first quarter. Gibbs Wealth Management now owns 1,809 shares of the company’s stock valued at $347,000 after purchasing an additional 69 shares during the last quarter. Alamar Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $226,000. Finally, Davis R M Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.9% in the first quarter. Davis R M Inc. now owns 14,312 shares of the company’s stock valued at $2,747,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

Shares of RSP opened at $211.92 on Friday. The stock has a market cap of $94.99 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 $179.94 and a 1 year high of $216.37. The stock’s 50-day moving average price is $210.29 and its two-hundred day moving average price is $202.98.

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.