Invesco S&P 500 Equal Weight ETF $RSP Position Lifted by Fluent Financial LLC

Fluent Financial LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,818 shares of the company’s stock after acquiring an additional 8,380 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 3.7% of Fluent Financial LLC’s investment portfolio, making the stock its 6th largest position. Fluent Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Venture Visionary Partners LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock valued at $80,002,000 after acquiring an additional 5,887 shares during the period. Rhodes Investment Advisors Inc. ADV purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $794,000. NewEdge Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 16.9% in the second quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock worth $112,364,000 after purchasing an additional 76,324 shares during the period. Marino Stram & Associates LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 9.0% in the first quarter. Marino Stram & Associates LLC now owns 29,979 shares of the company’s stock worth $5,754,000 after purchasing an additional 2,465 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth $638,000. 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 NYSEARCA:RSP traded up $0.11 on Tuesday, hitting $213.30. 7,360,186 shares of the company’s stock were exchanged, compared to its average volume of 12,005,453. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The stock has a market capitalization of $97.90 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business’s 50 day simple moving average is $216.16 and its two-hundred day simple moving average is $210.02.

Invesco S&P 500 Equal Weight ETF Company 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.