Innova Wealth Partners Boosts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Innova Wealth Partners grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 218.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,105 shares of the company’s stock after acquiring an additional 2,816 shares during the period. Innova Wealth Partners’ holdings in Invesco S&P 500 Equal Weight ETF were worth $788,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 0.9% in the 1st quarter. Root Financial Partners LLC now owns 11,412 shares of the company’s stock worth $2,190,000 after buying an additional 103 shares during the last quarter. Horizon Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.8% in the first quarter. Horizon Wealth Management LLC now owns 28,203 shares of the company’s stock worth $5,413,000 after buying an additional 1,023 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in Invesco S&P 500 Equal Weight ETF by 57.9% during the first quarter. Capital Asset Advisory Services LLC now owns 3,228 shares of the company’s stock valued at $658,000 after acquiring an additional 1,184 shares during the last quarter. Keystone Global Partners LLC grew its position in Invesco S&P 500 Equal Weight ETF by 136.5% during the first quarter. Keystone Global Partners LLC now owns 18,048 shares of the company’s stock valued at $3,464,000 after acquiring an additional 10,416 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 43.9% during the first quarter. Fulton Bank N.A. now owns 2,633 shares of the company’s stock worth $505,000 after acquiring an additional 803 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $213.41 on Thursday. The company has a market capitalization of $93.19 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $214.95. The company’s 50 day moving average price is $206.84 and its two-hundred day moving average price is $200.64.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.