RIA Advisory Group LLC Takes $1 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

RIA Advisory Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,602 shares of the company’s stock, valued at approximately $1,004,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Eastern Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. Richardson Financial Services Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares during the period. DHJJ Financial Advisors Ltd. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Creekmur Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 86.5% in the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 90 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7 %

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $1.30 during trading on Friday, reaching $180.94. 5,450,463 shares of the company were exchanged, compared to its average volume of 6,097,776. Invesco S&P 500 Equal Weight ETF has a twelve month low of $144.35 and a twelve month high of $185.79. The business has a 50-day moving average price of $178.67 and a 200-day moving average price of $171.18. The firm has a market capitalization of $60.60 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).