Procyon Advisors LLC Has $9.34 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Procyon Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.4% during the first quarter, HoldingsChannel.com reports. The fund owned 48,650 shares of the company’s stock after purchasing an additional 8,250 shares during the period. Procyon Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,337,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RSP. Brookstone Capital Management lifted its position in Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after acquiring an additional 6,481 shares in the last quarter. Banta Asset Management LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $1,654,000. Allen Investment Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after buying an additional 2,983 shares during the period. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock worth $13,586,000 after buying an additional 28,586 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 Stock Performance

NYSEARCA RSP opened at $214.30 on Monday. The stock has a market capitalization of $96.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock’s 50 day moving average price is $208.58 and its two-hundred day moving average price is $201.70. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37.

Invesco S&P 500 Equal Weight ETF 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.