Luken Investment Analytics LLC Grows Stake in Invesco S&P 500 Equal Weight ETF $RSP

Luken Investment Analytics LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,943 shares of the company’s stock after buying an additional 3,773 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 3.1% of Luken Investment Analytics LLC’s portfolio, making the stock its 10th biggest position. Luken Investment Analytics LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Brandywine Financial Group grew its position in Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. Hurley Capital LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period. Asset Dedication LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $36,000. Finally, Basepoint Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $40,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.8%

NYSEARCA:RSP opened at $217.59 on Wednesday. The company has a market cap of $98.33 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The stock has a fifty day simple moving average of $216.71 and a 200-day simple moving average of $207.05.

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.