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

CoreCap Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 118.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 307,043 shares of the company’s stock after purchasing an additional 166,366 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.1% of CoreCap Advisors LLC’s investment portfolio, making the stock its 8th biggest position. CoreCap Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $58,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Granite Group Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 41.5% in the 4th quarter. Granite Group Advisors LLC now owns 3,212 shares of the company’s stock worth $615,000 after acquiring an additional 942 shares in the last quarter. FSA Investment Group LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 15.3% during the fourth quarter. FSA Investment Group LLC now owns 207,763 shares of the company’s stock valued at $39,799,000 after purchasing an additional 27,635 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $893,000. CPA Asset Management Group LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 6.0% in the fourth quarter. CPA Asset Management Group LLC now owns 1,452 shares of the company’s stock valued at $278,000 after purchasing an additional 82 shares during the period. Finally, PartnerRe Asset Management CORP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,760,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.9%

RSP stock opened at $191.08 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24. The firm has a 50-day simple moving average of $199.10 and a 200-day simple moving average of $193.42. The stock has a market capitalization of $79.24 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.