Evernest Financial Advisors LLC Acquires 2,843 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Evernest Financial Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 82,882 shares of the company’s stock after acquiring an additional 2,843 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 4.4% of Evernest Financial Advisors LLC’s portfolio, making the stock its 4th largest holding. Evernest Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,723,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $29,000. Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $32,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $33,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $202.08 on Wednesday. The firm has a market capitalization of $83.80 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24. The company’s 50 day simple moving average is $199.13 and its 200-day simple moving average is $192.62.

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.