Invesco S&P 500 Equal Weight ETF $RSP is Redhawk Wealth Advisors Inc.’s 2nd Largest Position

Redhawk Wealth Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,742 shares of the company’s stock after acquiring an additional 18,073 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 2.4% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. Redhawk Wealth Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. Morgan Stanley grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after purchasing an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $306,496,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $287,168,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1%

NYSEARCA:RSP opened at $220.22 on Tuesday. The company has a fifty day moving average of $213.08 and a 200 day moving average of $204.67. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $221.09. The firm has a market capitalization of $99.52 billion, a P/E ratio of 20.10 and a beta of 0.91.

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). 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.