Briggs Wealth Management Inc Takes $796,000 Position in Invesco S&P 500 Equal Weight ETF $RSP

Briggs Wealth Management Inc bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,154 shares of the company’s stock, valued at approximately $796,000. Invesco S&P 500 Equal Weight ETF comprises about 0.9% of Briggs Wealth Management Inc’s holdings, making the stock its 16th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares in the last quarter. Pacific Point Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after buying an additional 52 shares during the last quarter. Drucker Wealth 3.0 LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after buying an additional 55 shares during the period. Strategies Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after buying an additional 55 shares during the last quarter. Finally, Battery Global Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after buying an additional 55 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

Shares of RSP opened at $209.96 on Friday. The company’s 50 day simple moving average is $204.81 and its 200-day simple moving average is $199.40. The firm has a market cap of $90.58 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $214.30.

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.