Sunpointe LLC Purchases 2,664 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sunpointe LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,645 shares of the company’s stock after acquiring an additional 2,664 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 1.6% of Sunpointe LLC’s portfolio, making the stock its 14th biggest holding. Sunpointe LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RSP. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $29,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $32,000. Finally, IMA Advisory Services Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $33,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 1.2%

NYSEARCA RSP opened at $200.54 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The business has a 50-day moving average price of $199.44 and a 200-day moving average price of $192.75. The firm has a market cap of $83.16 billion, a price-to-earnings 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.