Vantage Financial Partners LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Vantage Financial Partners LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 32,810 shares of the company’s stock after acquiring an additional 5,055 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.3% of Vantage Financial Partners LLC’s investment portfolio, making the stock its 17th largest holding. Vantage Financial Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,224,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. GoalVest Advisory LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth $34,000. Cloud Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $35,000. Finally, Copia Wealth Management raised its stake in Invesco S&P 500 Equal Weight ETF by 335.8% during the third quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after purchasing an additional 178 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9%

Shares of NYSEARCA:RSP opened at $200.30 on Thursday. The firm has a fifty day simple moving average of $195.02 and a two-hundred day simple moving average of $190.18. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $200.95. The stock has a market capitalization of $83.06 billion, a P/E ratio of 20.10 and a beta of 0.99.

Invesco S&P 500 Equal Weight ETF Profile

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.