Edge Wealth Management LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Edge Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,688 shares of the company’s stock after purchasing an additional 428 shares during the period. Edge Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 126.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock valued at $6,384,000 after buying an additional 22,615 shares during the period. TFB Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 38.5% in the fourth quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock valued at $310,000 after purchasing an additional 546 shares during the period. Apexium Financial LP grew its position in shares of Invesco S&P 500 Equal Weight ETF by 111.6% in the fourth quarter. Apexium Financial LP now owns 14,908 shares of the company’s stock valued at $2,353,000 after purchasing an additional 7,864 shares during the period. Roble Belko & Company Inc acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $263,000. Finally, Well Done LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the fourth quarter. Well Done LLC now owns 44,525 shares of the company’s stock valued at $7,026,000 after purchasing an additional 197 shares during the period.

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

Shares of NYSEARCA RSP traded up $0.58 during trading on Friday, hitting $164.74. The company had a trading volume of 647,931 shares, compared to its average volume of 6,029,350. The stock has a fifty day simple moving average of $164.52 and a two-hundred day simple moving average of $161.87. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The firm has a market capitalization of $55.18 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).