Romano Brothers AND Company Raises Stake in Invesco S&P 500 Equal Weight ETF $RSP

Romano Brothers AND Company increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,038 shares of the company’s stock after buying an additional 6,549 shares during the period. Romano Brothers AND Company’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after buying an additional 137,493 shares during the last quarter. CMG Global Holdings LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.6% during the 3rd quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after acquiring an additional 4,262 shares during the last quarter. Sowell Financial Services LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.2% during the 3rd quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after acquiring an additional 3,829 shares during the last quarter. Argent Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after acquiring an additional 3,135 shares during the period. Finally, Roman Butler Fullerton & Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after acquiring an additional 4,358 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

RSP opened at $188.46 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The company’s 50 day simple moving average is $198.88 and its 200 day simple moving average is $193.42. The stock has a market capitalization of $78.15 billion, a PE 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.