Boston Research & Management Inc. Boosts Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Boston Research & Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,581 shares of the company’s stock after acquiring an additional 296 shares during the period. Boston Research & Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $424,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after purchasing an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC increased its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $671,392,000. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% during the 2nd quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after buying an additional 34,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after acquiring an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $177.44 on Friday. The firm has a market cap of $59.43 billion, a P/E ratio of 20.44 and a beta of 0.90. The business has a 50-day moving average of $171.16 and a 200 day moving average of $167.05. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $178.82.

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).