Strategic Financial Concepts LLC Purchases 6,352,369 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Strategic Financial Concepts LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11,793.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,406,233 shares of the company’s stock after buying an additional 6,352,369 shares during the period. Strategic Financial Concepts LLC owned about 1.91% of Invesco S&P 500 Equal Weight ETF worth $10,524,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Everett Harris & Co. CA increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.4% during the first quarter. Everett Harris & Co. CA now owns 4,696 shares of the company’s stock worth $795,000 after acquiring an additional 65 shares in the last quarter. Opal Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% during the 2nd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock worth $715,000 after purchasing an additional 67 shares in the last quarter. Acorn Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 1st quarter. Acorn Wealth Advisors LLC now owns 14,589 shares of the company’s stock valued at $2,471,000 after purchasing an additional 70 shares during the period. SignalPoint Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the first quarter. SignalPoint Asset Management LLC now owns 1,729 shares of the company’s stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. Finally, Objective Capital Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the first quarter. Objective Capital Management LLC now owns 2,025 shares of the company’s stock worth $343,000 after buying an additional 73 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $170.45 on Friday. The firm has a market cap of $57.09 billion, a PE ratio of 20.44 and a beta of 0.90. The business’s 50 day simple moving average is $169.09 and its 200 day simple moving average is $166.19. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $175.96.

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).