Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 62.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,779 shares of the company’s stock after purchasing an additional 24,871 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.9% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 23rd biggest position. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Beaumont Financial Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after acquiring an additional 58 shares during the last quarter. CPA Asset Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% in the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after acquiring an additional 62 shares during the period. Inlet Private Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after purchasing an additional 63 shares during the period. Abound Wealth Management grew its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after purchasing an additional 63 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the fourth quarter. Avior Wealth Management LLC now owns 4,272 shares of the company’s stock valued at $749,000 after buying an additional 64 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.1 %

RSP opened at $182.19 on Monday. The company has a market cap of $61.02 billion, a PE ratio of 20.44 and a beta of 0.90. The business has a 50 day moving average price of $180.39 and a two-hundred day moving average price of $176.66. Invesco S&P 500 Equal Weight ETF has a 52 week low of $155.79 and a 52 week high of $188.16.

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).