Massachusetts Wealth Management Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Massachusetts Wealth Management boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 38.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,851 shares of the company’s stock after buying an additional 792 shares during the quarter. Massachusetts Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. CPA Asset Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the third quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after acquiring an additional 62 shares in the last quarter. Inlet Private Wealth LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.2% in the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after purchasing an additional 63 shares in the last quarter. Everett Harris & Co. CA lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the 1st quarter. Everett Harris & Co. CA now owns 4,696 shares of the company’s stock worth $795,000 after purchasing an additional 65 shares during the period. Delta Investment Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after purchasing an additional 65 shares in the last quarter. Finally, America First Investment Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock valued at $428,000 after buying an additional 66 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock traded up $0.48 during trading on Friday, reaching $179.44. The company had a trading volume of 1,257,996 shares, compared to its average volume of 6,057,004. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $182.22. The business has a 50 day moving average of $176.18 and a 200 day moving average of $169.10. The company has a market cap of $60.10 billion, a P/E 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).