Valley Wealth Managers Inc. Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Valley Wealth Managers Inc. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,899 shares of the company’s stock after acquiring an additional 3,702 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in 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 worth $50,459,000 after purchasing an additional 137,493 shares in the last quarter. Brookstone Capital Management grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Argent Advisors Inc. grew its position in shares of 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 in the last quarter. Roman Butler Fullerton & Co. increased its holdings 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 purchasing an additional 4,358 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $4,966,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $203.99 on Tuesday. The stock’s fifty day moving average is $197.95 and its two-hundred day moving average is $195.61. The firm has a market capitalization of $88.00 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $173.00 and a fifty-two week high of $205.53.

Invesco S&P 500 Equal Weight ETF Company Profile

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.