Wealth Advisory Solutions LLC Grows Stake in Invesco S&P 500 Equal Weight ETF $RSP

Wealth Advisory Solutions LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 63.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 111,894 shares of the company’s stock after acquiring an additional 43,528 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 5.0% of Wealth Advisory Solutions LLC’s portfolio, making the stock its 5th biggest holding. Wealth Advisory Solutions LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in RSP. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $32,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $33,000. Finally, Cloud Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $192.54 on Thursday. The firm has a fifty day simple moving average of $198.44 and a 200-day simple moving average of $193.50. The stock has a market capitalization of $79.85 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $205.24.

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.