Stephenson & Company Inc. Raises Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Stephenson & Company Inc. raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 115,173 shares of the company’s stock after purchasing an additional 1,030 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 14.0% of Stephenson & Company Inc.’s portfolio, making the stock its 2nd biggest position. Stephenson & Company Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,921,000 as of its most recent SEC filing.

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

Invesco S&P 500 Equal Weight ETF Stock Down 1.1 %

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

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).