Pinnacle Wealth Management Advisory Group LLC Buys 808 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 85,245 shares of the company’s stock after acquiring an additional 808 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.3% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 20th biggest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,492,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in RSP. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after purchasing an additional 396,957 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after buying an additional 1,195,627 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 219.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the last quarter. LPL Financial LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 20.5% in the 1st quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock worth $911,326,000 after buying an additional 894,245 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after buying an additional 1,069,297 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $187.56 on Friday. The stock has a market capitalization of $72.55 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.33. The firm’s 50 day simple moving average is $188.74 and its two-hundred day simple moving average is $183.23.

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).