Burney Co. Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Burney Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 137.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,862 shares of the company’s stock after buying an additional 2,815 shares during the quarter. Burney Co.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. J.W. Cole Advisors Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 126.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock valued at $6,384,000 after purchasing an additional 22,615 shares in the last quarter. Apexium Financial LP increased 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 buying an additional 7,864 shares in the last quarter. Roble Belko & Company Inc acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $263,000. Summit Trail Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 9.5% in the fourth quarter. Summit Trail Advisors LLC now owns 545,519 shares of the company’s stock valued at $86,083,000 after acquiring an additional 47,327 shares in the last quarter. Finally, Birchcreek Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.4% during the 4th quarter. Birchcreek Wealth Management LLC now owns 29,423 shares of the company’s stock worth $4,643,000 after purchasing an additional 3,255 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 1.7 %

Shares of NYSEARCA:RSP traded down $2.92 during midday trading on Friday, reaching $166.77. The company’s stock had a trading volume of 11,666,272 shares, compared to its average volume of 6,308,431. The firm has a market cap of $55.86 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $173.08. The business has a 50 day moving average price of $166.13 and a 200 day moving average price of $163.88.

Invesco S&P 500 Equal Weight ETF 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).