D.B. Root & Company LLC Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

D.B. Root & Company LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,159 shares of the company’s stock after acquiring an additional 529 shares during the quarter. D.B. Root & Company LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Destination Wealth Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.1% during the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after acquiring an additional 96 shares in the last quarter. Courage Miller Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the second quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock worth $7,704,000 after purchasing an additional 273 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% during the 1st quarter. Blair William & Co. IL now owns 205,203 shares of the company’s stock valued at $34,755,000 after purchasing an additional 23,957 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock worth $6,614,000 after purchasing an additional 6,001 shares in the last quarter. Finally, Brightwater Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $3,227,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $182.92 on Thursday. The stock has a market cap of $61.27 billion, a PE ratio of 20.44 and a beta of 0.90. The stock has a 50-day moving average of $177.34 and a two-hundred day moving average of $170.22. Invesco S&P 500 Equal Weight ETF has a one year low of $139.03 and a one year high of $183.38.

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).