Redhawk Wealth Advisors Inc. Has $24.20 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Redhawk Wealth Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,742 shares of the company’s stock after buying an additional 18,073 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.4% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after purchasing an additional 959,176 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. Invesco Ltd. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after buying an additional 444,846 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after buying an additional 1,060,181 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 RSP opened at $220.22 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $221.09. The company has a 50-day simple moving average of $213.08 and a two-hundred day simple moving average of $204.67. The firm has a market capitalization of $99.52 billion, a PE ratio of 20.10 and a beta of 0.91.

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.