Rainey & Randall Wealth Advisors Inc. Has $20.23 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Rainey & Randall Wealth Advisors Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,458 shares of the company’s stock after purchasing an additional 9,498 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 4.0% of Rainey & Randall Wealth Advisors Inc.’s investment portfolio, making the stock its 8th largest position. Rainey & Randall Wealth Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $20,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Beta Wealth Group Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 6.4% during the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after purchasing an additional 150 shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $222,000. Strategic Financial Concepts LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock valued at $12,958,000 after acquiring an additional 33,861 shares in the last quarter. Telos Capital Management Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 4.9% in the fourth quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock worth $3,053,000 after acquiring an additional 808 shares during the period. Finally, Blue Trust Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $179.82 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16. The company has a market capitalization of $60.23 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company’s 50-day simple moving average is $178.93 and its two-hundred day simple moving average is $178.44.

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).