Sunbelt Securities Inc. Acquires 13,702 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sunbelt Securities Inc. increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 130.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 24,193 shares of the company’s stock after buying an additional 13,702 shares during the quarter. Sunbelt Securities Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,589,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Drucker Wealth 3.0 LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.3% in the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after acquiring an additional 55 shares during the period. Strategies Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the period. Battery Global Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after purchasing an additional 55 shares during the last quarter. Burns J W & Co. Inc. NY raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after purchasing an additional 57 shares during the period. Finally, Melfa Wealth Management Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock worth $659,000 after purchasing an additional 57 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 Trading Up 0.6%

Invesco S&P 500 Equal Weight ETF stock opened at $196.05 on Wednesday. The business’s 50 day simple moving average is $199.85 and its 200 day simple moving average is $193.29. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24. The company has a market cap of $81.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.