IFS Group LLC Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

IFS Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,982 shares of the company’s stock, valued at approximately $1,148,000. Invesco S&P 500 Equal Weight ETF makes up approximately 1.0% of IFS Group LLC’s portfolio, making the stock its 28th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 5.6% during the first quarter. Arete Wealth Advisors LLC now owns 202,900 shares of the company’s stock worth $38,913,000 after purchasing an additional 10,670 shares in the last quarter. Pine Ridge Advisers LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the 1st quarter. Pine Ridge Advisers LLC now owns 75,686 shares of the company’s stock valued at $14,526,000 after buying an additional 215 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.7% in the 1st quarter. Sunbelt Securities Inc. now owns 25,916 shares of the company’s stock valued at $4,974,000 after buying an additional 1,863 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 12.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 12,116 shares of the company’s stock valued at $2,325,000 after buying an additional 1,299 shares during the last quarter. Finally, Talon Private Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $1,865,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $215.73 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $218.11. The firm has a market capitalization of $97.76 billion, a P/E ratio of 20.10 and a beta of 0.91. The company’s fifty day moving average price is $211.33 and its 200 day moving average price is $203.53.

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.