Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by McAdam LLC

McAdam LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 263,626 shares of the company’s stock after acquiring an additional 8,150 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 2.5% of McAdam LLC’s investment portfolio, making the stock its 9th biggest holding. McAdam LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $50,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $29,000. Tompkins Financial Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $32,000. GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth about $34,000. Howe & Rusling Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 51.9% in the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after buying an additional 98 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in Invesco S&P 500 Equal Weight ETF by 30.5% in the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after buying an additional 72 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 Trading Down 1.5%

Shares of NYSEARCA:RSP opened at $196.08 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $200.10. The company has a market cap of $78.98 billion, a PE ratio of 20.10 and a beta of 0.99. The company’s 50 day moving average is $192.32 and its 200 day moving average is $189.06.

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.