MJP Associates Inc. ADV Acquires New Holdings in Invesco S&P 500 Equal Weight Income Advantage ETF $RSPA

MJP Associates Inc. ADV purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,932 shares of the company’s stock, valued at approximately $1,580,000. MJP Associates Inc. ADV owned approximately 0.34% of Invesco S&P 500 Equal Weight Income Advantage ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RSPA. Brown Lisle Cummings Inc. lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 571.4% during the third quarter. Brown Lisle Cummings Inc. now owns 1,175 shares of the company’s stock valued at $60,000 after purchasing an additional 1,000 shares during the last quarter. Private Trust Co. NA purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter valued at about $71,000. JPMorgan Chase & Co. bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter valued at approximately $156,000. Osaic Holdings Inc. grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% in the second quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock worth $190,000 after acquiring an additional 1,907 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter worth approximately $276,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Trading Up 0.1%

Invesco S&P 500 Equal Weight Income Advantage ETF stock opened at $52.98 on Wednesday. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1-year low of $43.04 and a 1-year high of $53.58. The firm’s fifty day simple moving average is $51.91 and its 200-day simple moving average is $51.09. The company has a market capitalization of $595.50 million, a P/E ratio of 20.77 and a beta of 0.70.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.4056 per share. This represents a c) annualized dividend and a yield of 9.2%. This is an increase from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.40. The ex-dividend date was Tuesday, January 20th.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

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.