Trinity Wealth Management LLC Buys 8,664 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Trinity Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 154.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 14,272 shares of the company’s stock after buying an additional 8,664 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.0% of Trinity Wealth Management LLC’s holdings, making the stock its 27th largest position. Trinity Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,037,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Morgan Stanley raised its stake in Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after purchasing an additional 959,176 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. Invesco Ltd. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.6% in the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after purchasing an additional 444,846 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $219.73 on Thursday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $221.09. The firm’s fifty day moving average is $212.42 and its 200 day moving average is $204.21. The stock has a market cap of $99.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.