Econ Financial Services Corp Increases Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Econ Financial Services Corp increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 458.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,681 shares of the company’s stock after buying an additional 6,305 shares during the period. Econ Financial Services Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,301,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Partnership Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $25,000. Howe & Rusling Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. Fairman Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $27,000. GAMMA Investing LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $38,000. Finally, Silicon Valley Capital Partners acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $41,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP traded up $0.23 on Monday, reaching $169.97. 5,724,541 shares of the company’s stock were exchanged, compared to its average volume of 6,209,181. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $172.38. The company’s 50 day moving average is $165.87 and its 200-day moving average is $163.60. The company has a market cap of $56.93 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).