ProVise Management Group LLC Increases Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

ProVise Management Group LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,476 shares of the company’s stock after purchasing an additional 915 shares during the quarter. ProVise Management Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,542,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RSP. VitalStone Financial LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $303,000. Optimum Investment Advisors raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 95.5% during the first quarter. Optimum Investment Advisors now owns 2,170 shares of the company’s stock valued at $368,000 after purchasing an additional 1,060 shares during the last quarter. Tran Capital Management L.P. bought a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $434,000. Sepio Capital LP lifted its position in Invesco S&P 500 Equal Weight ETF by 14.4% during the fourth quarter. Sepio Capital LP now owns 207,238 shares of the company’s stock valued at $32,702,000 after purchasing an additional 26,149 shares during the period. Finally, Mitchell Sinkler & Starr PA purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $506,000.

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

NYSEARCA:RSP opened at $178.09 on Friday. The company has a 50 day simple moving average of $170.98 and a two-hundred day simple moving average of $166.95. The company has a market cap of $59.65 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $178.82.

Invesco S&P 500 Equal Weight ETF 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).