CMG Global Holdings LLC Has $5.87 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

CMG Global Holdings LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.5% in the second quarter, HoldingsChannel.com reports. The fund owned 31,432 shares of the company’s stock after buying an additional 9,679 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 3.1% of CMG Global Holdings LLC’s portfolio, making the stock its 9th biggest holding. CMG Global Holdings LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSP. Brighton Jones LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $83,931,000. Bison Wealth LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21.9% during the 1st quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after acquiring an additional 492 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 171.1% during the 1st quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $75,000 after acquiring an additional 272 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $188.01 on Monday. The company has a 50 day simple moving average of $188.16 and a 200 day simple moving average of $180.26. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.30.

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).