Global Wealth Management LLC Acquires New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Global Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,290 shares of the company’s stock, valued at approximately $4,173,000. Invesco S&P 500 Equal Weight ETF makes up 2.8% of Global Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSP. CPA Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% in the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after acquiring an additional 62 shares during the last quarter. Inlet Private Wealth LLC grew its stake in shares of 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 valued at $514,000 after buying an additional 63 shares during the period. Everett Harris & Co. CA increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.4% during the 1st quarter. Everett Harris & Co. CA now owns 4,696 shares of the company’s stock worth $795,000 after buying an additional 65 shares during the last quarter. Delta Investment Management LLC raised its position 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 buying an additional 65 shares during the period. Finally, America First Investment Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock valued at $428,000 after acquiring an additional 66 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

NYSEARCA:RSP traded down $0.85 on Friday, reaching $178.11. The company’s stock had a trading volume of 4,555,176 shares, compared to its average volume of 6,073,535. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $182.22. The stock has a 50 day moving average price of $176.50 and a 200 day moving average price of $169.25. The firm has a market cap of $59.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).