Procyon Advisors LLC Boosts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Procyon Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 12,796 shares of the company’s stock after purchasing an additional 987 shares during the quarter. Procyon Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,217,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Permanent Capital Management LP increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the first quarter. Permanent Capital Management LP now owns 168,541 shares of the company’s stock worth $29,196,000 after buying an additional 20,413 shares during the period. Magnus Financial Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.1% in the 1st quarter. Magnus Financial Group LLC now owns 38,134 shares of the company’s stock valued at $6,606,000 after purchasing an additional 5,288 shares during the period. Intellectus Partners LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 12.0% during the first quarter. Intellectus Partners LLC now owns 13,586 shares of the company’s stock valued at $2,354,000 after buying an additional 1,459 shares during the period. AFG Fiduciary Services Limited Partnership bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $1,512,000. Finally, Atwater Malick LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 65.6% in the 1st quarter. Atwater Malick LLC now owns 4,417 shares of the company’s stock worth $765,000 after purchasing an additional 1,750 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9%

NYSEARCA RSP opened at $178.69 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $188.16. The stock’s fifty day moving average price is $169.94 and its 200-day moving average price is $175.93. The stock has a market cap of $72.23 billion, a P/E ratio of 20.59 and a beta of 0.99.

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).