MLP3 LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,104 shares of the company’s stock after purchasing an additional 3,167 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 6.1% of MLP3 LLC’s portfolio, making the stock its 2nd biggest holding. MLP3 LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,094,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Venture Visionary Partners LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 1.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after buying an additional 5,887 shares in the last quarter. Rhodes Investment Advisors Inc. ADV purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $794,000. Corient Private Wealth LP raised its position in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock valued at $84,412,000 after buying an additional 58,956 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 16.9% during the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after buying an additional 76,324 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $2,939,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.8%
Shares of NYSEARCA RSP traded down $1.68 during mid-day trading on Friday, reaching $216.54. 6,311,610 shares of the company were exchanged, compared to its average volume of 11,889,896. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The company’s 50 day moving average price is $215.28 and its 200 day moving average price is $211.23. The stock has a market capitalization of $99.53 billion, a PE ratio of 20.10 and a beta of 0.92.
About Invesco S&P 500 Equal Weight ETF
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.
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