Western Wealth Management LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Western Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1,087.0% during the second quarter, Holdings Channel.com reports. The firm owned 206,710 shares of the company’s stock after acquiring an additional 189,296 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 2.8% of Western Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Western Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tompkins Financial Corp raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 627.3% during the first quarter. Tompkins Financial Corp now owns 400 shares of the company’s stock valued at $42,000 after purchasing an additional 345 shares in the last quarter. Massey Quick Simon & CO. LLC raised its position in Invesco S&P 500 Equal Weight ETF by 133.6% in the second quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the company’s stock worth $54,000 after acquiring an additional 286 shares in the last quarter. Coastal Investment Advisors Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 125.4% in the second quarter. Coastal Investment Advisors Inc. now owns 631 shares of the company’s stock worth $67,000 after acquiring an additional 351 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $69,000. Finally, Hanson & Doremus Investment Management raised its position in Invesco S&P 500 Equal Weight ETF by 29.0% in the second quarter. Hanson & Doremus Investment Management now owns 645 shares of the company’s stock worth $70,000 after acquiring an additional 145 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF stock traded down $2.15 during midday trading on Friday, hitting $103.21. The company’s stock had a trading volume of 626,179 shares, compared to its average volume of 773,063. The stock’s 50-day moving average price is $107.41 and its 200-day moving average price is $105.59. Invesco S&P 500 Equal Weight ETF has a 12 month low of $85.76 and a 12 month high of $110.24.

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).

See Also: Different Options Trading Strategies

Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP).

Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.