Arkadios Wealth Advisors Raises Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Arkadios Wealth Advisors raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 56,372 shares of the company’s stock after purchasing an additional 4,178 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 0.5% of Arkadios Wealth Advisors’ investment portfolio, making the stock its 29th largest holding. Arkadios Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $9,878,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after buying an additional 18,390,083 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 174.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after buying an additional 1,488,000 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after buying an additional 839,150 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,274.4% in the third quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after buying an additional 465,623 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $63,354,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $180.04 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $153.16 and a one year high of $188.16. The company’s fifty day moving average price is $180.54 and its 200-day moving average price is $175.95. The company has a market capitalization of $60.30 billion, a PE ratio of 20.44 and a beta of 0.90.

About Invesco S&P 500 Equal Weight ETF

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).