Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 167,023 shares of the company’s stock after acquiring an additional 7,412 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 7.8% of Investment Planning Advisors Inc.’s holdings, making the stock its 4th largest holding. Investment Planning Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $34,744,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RSP. Seelaus Asset Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 2.7% in the 3rd quarter. Seelaus Asset Management LLC now owns 8,163 shares of the company’s stock worth $1,662,000 after purchasing an additional 213 shares during the last quarter. Waycross Investment Management Co raised its position in Invesco S&P 500 Equal Weight ETF by 13.2% in the third quarter. Waycross Investment Management Co now owns 34,938 shares of the company’s stock worth $7,268,000 after acquiring an additional 4,080 shares in the last quarter. Fearless Solutions LLC dba Best Invest increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.3% in the third quarter. Fearless Solutions LLC dba Best Invest now owns 14,306 shares of the company’s stock valued at $2,976,000 after buying an additional 318 shares in the last quarter. Cresta Advisors Ltd. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11.0% during the third quarter. Cresta Advisors Ltd. now owns 1,916 shares of the company’s stock valued at $399,000 after purchasing an additional 190 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the third quarter. Salem Investment Counselors Inc. now owns 5,536 shares of the company’s stock valued at $1,152,000 after buying an additional 694 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock traded down $1.85 during mid-day trading on Wednesday, hitting $211.45. The company’s stock had a trading volume of 4,761,476 shares, compared to its average volume of 11,967,609. The company has a market cap of $97.05 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The firm’s 50 day moving average is $216.16 and its 200 day moving average is $210.02.

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.