Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) by 237.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,161 shares of the company’s stock after acquiring an additional 18,406 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco S&P 500 Equal Weight Income Advantage ETF were worth $1,305,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RSPA. Barnett & Company Inc. acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the 1st quarter worth $214,000. Avantax Advisory Services Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 76.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 11,363 shares of the company’s stock worth $559,000 after buying an additional 4,938 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 42.7% in the 1st quarter. Cetera Investment Advisers now owns 13,875 shares of the company’s stock worth $683,000 after buying an additional 4,155 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the 1st quarter worth about $1,290,000. Finally, Virtu Financial LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the 1st quarter worth about $1,460,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

Invesco S&P 500 Equal Weight Income Advantage ETF stock opened at $50.15 on Monday. The firm’s 50-day moving average is $50.61 and its 200-day moving average is $49.32. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1 year low of $43.04 and a 1 year high of $53.54. The company has a market cap of $467.40 million and a P/E ratio of 20.77.

About Invesco S&P 500 Equal Weight Income Advantage ETF

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.