Sunbelt Securities Inc. Purchases 13,702 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sunbelt Securities Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 130.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 24,193 shares of the company’s stock after acquiring an additional 13,702 shares during the quarter. Sunbelt Securities Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,589,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $196.05 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The stock’s fifty day moving average price is $199.85 and its two-hundred day moving average price is $193.29. The company has a market cap of $81.30 billion, a P/E 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.