Invesco S&P 500 Equal Weight ETF $RSP Stock Acquired by Quantum Financial Partners LLC

Quantum Financial Partners LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 24.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,731 shares of the company’s stock after acquiring an additional 2,906 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 1.6% of Quantum Financial Partners LLC’s investment portfolio, making the stock its 17th biggest position. Quantum Financial Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Foguth Wealth Management LLC. raised its position in Invesco S&P 500 Equal Weight ETF by 6.3% during the 3rd quarter. Foguth Wealth Management LLC. now owns 4,652 shares of the company’s stock valued at $996,000 after purchasing an additional 274 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2,248.4% during the third quarter. Onyx Bridge Wealth Group LLC now owns 179,890 shares of the company’s stock valued at $37,421,000 after buying an additional 172,230 shares during the period. SteelPeak Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 17.1% in the 3rd quarter. SteelPeak Wealth LLC now owns 18,400 shares of the company’s stock worth $3,828,000 after acquiring an additional 2,688 shares in the last quarter. Trust Co of Tennessee lifted its position in Invesco S&P 500 Equal Weight ETF by 1.3% during the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after buying an additional 12,435 shares during the period. Finally, CRA Financial Services LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 4.4% during the 3rd quarter. CRA Financial Services LLC now owns 30,774 shares of the company’s stock valued at $6,402,000 after acquiring an additional 1,306 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded down $0.54 during mid-day trading on Monday, reaching $213.55. The company had a trading volume of 4,258,212 shares, compared to its average volume of 11,944,280. The company has a market capitalization of $98.68 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm has a 50-day moving average price of $215.81 and a 200 day moving average price of $210.53. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43.

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.