Parisi Gray Wealth Management Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Parisi Gray Wealth Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,404 shares of the company’s stock after acquiring an additional 298 shares during the period. Parisi Gray Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,642,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 104,839.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,956,524 shares of the company’s stock valued at $1,123,859,000 after acquiring an additional 7,948,942 shares during the period. Morgan Stanley raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after buying an additional 2,153,993 shares during the last quarter. Citigroup Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 275.0% in the 3rd quarter. Citigroup Inc. now owns 2,278,078 shares of the company’s stock valued at $322,781,000 after purchasing an additional 1,670,580 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Invesco S&P 500 Equal Weight ETF by 70.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock valued at $528,915,000 after buying an additional 1,545,894 shares during the period. Finally, Chai Trust Co. LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 926.0% in the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock valued at $241,693,000 after buying an additional 1,539,527 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP traded up $0.30 during trading on Thursday, reaching $169.08. 584,568 shares of the stock were exchanged, compared to its average volume of 6,374,892. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.42. The firm has a market cap of $47.80 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. The firm’s 50-day moving average price is $161.09 and its 200 day moving average price is $151.82.

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).