Garden State Investment Advisory Services LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Garden State Investment Advisory Services LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.2% in the third quarter, Holdings Channel.com reports. The firm owned 50,800 shares of the company’s stock after purchasing an additional 98 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.5% of Garden State Investment Advisory Services LLC’s portfolio, making the stock its 9th biggest holding. Garden State Investment Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,131,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC raised its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after purchasing an additional 6,352,369 shares during the last quarter. LPL Financial LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock worth $732,879,000 after buying an additional 354,184 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after buying an additional 11,263 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock valued at $436,792,000 after buying an additional 98,000 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $187.89 on Monday. The business has a 50-day moving average of $180.69 and a 200-day moving average of $172.73. The company has a market capitalization of $62.93 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 $148.94 and a 1 year high of $188.16.

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).