Axxcess Wealth Management LLC Acquires 2,362 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Axxcess Wealth Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,567 shares of the company’s stock after buying an additional 2,362 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,137,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RSP. Xponance Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the 3rd quarter. Xponance Inc. now owns 3,131 shares of the company’s stock worth $444,000 after purchasing an additional 148 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 126.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock valued at $6,384,000 after acquiring an additional 22,615 shares during the last quarter. TFB Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 38.5% during the 4th quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock worth $310,000 after acquiring an additional 546 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Invesco S&P 500 Equal Weight ETF by 161.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,493 shares of the company’s stock valued at $2,195,000 after purchasing an additional 9,573 shares during the period. Finally, Roble Belko & Company Inc acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $263,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7 %

Invesco S&P 500 Equal Weight ETF stock traded up $1.15 during mid-day trading on Friday, hitting $162.79. 9,751,402 shares of the company’s stock were exchanged, compared to its average volume of 6,600,866. The company’s 50 day simple moving average is $164.24 and its 200-day simple moving average is $155.75. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The firm has a market capitalization of $54.52 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).