Institute for Wealth Management LLC. Raises Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Institute for Wealth Management LLC. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,576 shares of the company’s stock after acquiring an additional 225 shares during the period. Institute for Wealth Management LLC.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $722,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Salem Investment Counselors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $26,000. Core Wealth Advisors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $38,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $44,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 51.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock valued at $48,000 after purchasing an additional 103 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $159.81 on Friday. The company has a market capitalization of $54.26 billion, a PE ratio of 20.43 and a beta of 0.93. The firm’s 50-day moving average is $163.83 and its two-hundred day moving average is $154.25. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80.

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).