Element Wealth LLC Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Element Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the company’s stock after acquiring an additional 338 shares during the quarter. Element Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.0% during the 3rd quarter. Xponance Inc. now owns 3,131 shares of the company’s stock valued at $444,000 after acquiring an additional 148 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 126.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock valued at $6,384,000 after acquiring an additional 22,615 shares during the last quarter. TFB Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 38.5% during the 4th quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock valued at $310,000 after acquiring an additional 546 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 161.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,493 shares of the company’s stock valued at $2,195,000 after acquiring an additional 9,573 shares during the last quarter. Finally, Roble Belko & Company Inc acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $263,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9 %

NYSEARCA RSP traded up $1.43 during trading hours on Tuesday, reaching $162.46. The company had a trading volume of 3,997,475 shares, compared to its average volume of 6,627,171. The stock has a 50-day moving average of $163.85 and a 200 day moving average of $154.63. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $169.80. The stock has a market capitalization of $55.16 billion, a P/E ratio of 20.43 and a beta of 0.93.

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).