M Holdings Securities Inc. Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

M Holdings Securities Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,138 shares of the company’s stock, valued at approximately $2,492,000. Invesco S&P 500 Equal Weight ETF makes up about 0.5% of M Holdings Securities Inc.’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock valued at $50,459,000 after purchasing an additional 137,493 shares in the last quarter. CMG Global Holdings LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after purchasing an additional 4,262 shares in the last quarter. Sowell Financial Services LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after purchasing an additional 3,829 shares during the period. Argent Advisors Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 5.8% in the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after purchasing an additional 3,135 shares during the period. Finally, Roman Butler Fullerton & Co. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 67.0% in the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after buying an additional 4,358 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $193.52 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $205.24. The company has a market cap of $80.25 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock has a 50 day simple moving average of $199.87 and a 200-day simple moving average of $193.13.

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.