NewEdge Advisors LLC Has $42.52 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.5% in the 2nd quarter, Holdings Channel reports. The fund owned 258,837 shares of the company’s stock after purchasing an additional 18,108 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $42,522,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fairman Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $27,000. DHJJ Financial Advisors Ltd. increased its stake in Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd 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 period. Creekmur Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 86.5% in the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares in the last quarter. Central Bank & Trust Co. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $36,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $39,000.

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

NYSEARCA RSP opened at $178.93 on Friday. The company has a market capitalization of $59.93 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $179.94. The firm’s fifty day simple moving average is $171.97 and its 200-day simple moving average is $167.51.

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).