NewEdge Advisors LLC Boosts Stake in Invesco S&P 500 Equal Weight ETF $RSP

NewEdge Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,103 shares of the company’s stock after acquiring an additional 76,324 shares during the quarter. NewEdge Advisors LLC owned 0.12% of Invesco S&P 500 Equal Weight ETF worth $112,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth about $26,000. Brandywine Financial Group increased its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $29,000. Rogco LP purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $34,000. Finally, Hurley Capital LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $216.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The firm has a market cap of $97.94 billion, a PE ratio of 20.10 and a beta of 0.91. The company has a 50 day simple moving average of $217.41 and a two-hundred day simple moving average of $207.62.

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.