Drexel Morgan & Co. Acquires 4,750 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Drexel Morgan & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 395.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,950 shares of the company’s stock after purchasing an additional 4,750 shares during the period. Drexel Morgan & Co.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $977,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Everett Harris & Co. CA lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.4% during the 1st quarter. Everett Harris & Co. CA now owns 4,696 shares of the company’s stock worth $795,000 after acquiring an additional 65 shares during the last quarter. America First Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock valued at $428,000 after acquiring an additional 66 shares in the last quarter. Opal Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the second quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock valued at $715,000 after buying an additional 67 shares during the last quarter. Acorn Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the first quarter. Acorn Wealth Advisors LLC now owns 14,589 shares of the company’s stock valued at $2,471,000 after purchasing an additional 70 shares during the period. Finally, SignalPoint Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the 1st quarter. SignalPoint Asset Management LLC now owns 1,729 shares of the company’s stock valued at $293,000 after acquiring an additional 70 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.1 %

Invesco S&P 500 Equal Weight ETF stock opened at $178.09 on Friday. The firm has a market cap of $59.65 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The business’s 50-day moving average price is $170.98 and its 200 day moving average price is $166.95. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $178.82.

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).