Steward Partners Investment Advisory LLC Increases Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Steward Partners Investment Advisory LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 253,746 shares of the company’s stock after acquiring an additional 78,171 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $44,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Pettinga Financial Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $529,000. Pure Financial Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $208,000. Forum Financial Management LP grew its holdings in Invesco S&P 500 Equal Weight ETF by 15.2% in the third quarter. Forum Financial Management LP now owns 4,109 shares of the company’s stock worth $736,000 after purchasing an additional 543 shares during the period. New England Capital Financial Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.9% in the third quarter. New England Capital Financial Advisors LLC now owns 107,255 shares of the company’s stock worth $19,216,000 after purchasing an additional 2,032 shares during the period. Finally, Signify Wealth purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $3,859,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $178.26 on Tuesday. The firm’s 50 day moving average price is $179.19 and its 200-day moving average price is $179.05. The company has a market cap of $74.10 billion, a PE ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16.

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).