Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stock Position Lifted by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.0% in the second quarter, Holdings Channel reports. The firm owned 50,702 shares of the company’s stock after buying an additional 973 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 2.9% of Garden State Investment Advisory Services LLC’s portfolio, making the stock its 7th largest position. Garden State Investment Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fairman Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth about $27,000. DHJJ Financial Advisors Ltd. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 107.5% during the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Creekmur Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 86.5% during the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 90 shares during the period. Central Bank & Trust Co. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $36,000. Finally, Silicon Valley Capital Partners acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $41,000.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4 %

Shares of NYSEARCA RSP opened at $177.44 on Friday. The company has a 50 day simple moving average of $171.16 and a two-hundred day simple moving average of $167.05. The stock has a market cap of $59.43 billion, a price-to-earnings 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).