Procyon Advisors LLC Buys 8,250 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Procyon Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,650 shares of the company’s stock after acquiring an additional 8,250 shares during the quarter. Procyon Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 8.2% in the 1st quarter. International Assets Investment Management LLC now owns 25,432 shares of the company’s stock worth $4,897,000 after purchasing an additional 1,929 shares during the last quarter. Castleview Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 33.3% in the 1st quarter. Castleview Partners LLC now owns 2,650 shares of the company’s stock valued at $509,000 after buying an additional 662 shares during the period. Associated Banc Corp raised its position in shares of Invesco S&P 500 Equal Weight ETF by 18.6% during the first quarter. Associated Banc Corp now owns 4,577 shares of the company’s stock worth $878,000 after acquiring an additional 718 shares during the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,019.8% during the first quarter. Diversify Wealth Management LLC now owns 60,267 shares of the company’s stock valued at $12,078,000 after acquiring an additional 54,885 shares during the period. Finally, Valmark Advisers Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 8.4% in the first quarter. Valmark Advisers Inc. now owns 21,428 shares of the company’s stock valued at $4,112,000 after acquiring an additional 1,653 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $214.30 on Monday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The stock has a market capitalization of $96.73 billion, a P/E ratio of 20.10 and a beta of 0.91. The business has a 50-day moving average price of $208.58 and a two-hundred day moving average price of $201.70.

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). 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.