Invesco S&P 500 Equal Weight ETF $RSP is Rainey & Randall Wealth Advisors Inc.’s 5th Largest Position

Rainey & Randall Wealth Advisors Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 104.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,515 shares of the company’s stock after acquiring an additional 125,097 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 8.1% of Rainey & Randall Wealth Advisors Inc.’s portfolio, making the stock its 5th largest position. Rainey & Randall Wealth Advisors Inc. owned approximately 0.06% of Invesco S&P 500 Equal Weight ETF worth $44,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Battery Global Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 0.5% in the first quarter. Battery Global Advisors LLC now owns 12,604 shares of the company’s stock valued at $2,183,000 after acquiring an additional 60 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in Invesco S&P 500 Equal Weight ETF by 1.6% in the first quarter. Rosenberg Matthew Hamilton now owns 3,951 shares of the company’s stock valued at $684,000 after purchasing an additional 61 shares during the period. Ehrlich Financial Group increased its stake in Invesco S&P 500 Equal Weight ETF by 1.4% in the second quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after purchasing an additional 65 shares during the period. Live Oak Private Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 2.0% in the first quarter. Live Oak Private Wealth LLC now owns 3,428 shares of the company’s stock valued at $594,000 after purchasing an additional 67 shares during the period. Finally, Samalin Investment Counsel LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 0.9% in the first quarter. Samalin Investment Counsel LLC now owns 7,478 shares of the company’s stock valued at $1,295,000 after purchasing an additional 67 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $190.58 on Friday. The firm has a market cap of $75.55 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $190.95. The firm’s fifty day moving average is $187.15 and its two-hundred day moving average is $179.02.

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).