Grantvest Financial Group LLC Purchases New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Grantvest Financial Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,847 shares of the company’s stock, valued at approximately $1,200,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.3% of Grantvest Financial Group LLC’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the third quarter. Thrivent Financial for Lutherans now owns 16,504 shares of the company’s stock worth $2,957,000 after purchasing an additional 197 shares in the last quarter. Commerce Bank increased its stake in Invesco S&P 500 Equal Weight ETF by 85.9% during the 3rd quarter. Commerce Bank now owns 6,243 shares of the company’s stock worth $1,118,000 after buying an additional 2,885 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.3% during the third quarter. Kingsview Wealth Management LLC now owns 14,591 shares of the company’s stock valued at $2,614,000 after acquiring an additional 599 shares during the last quarter. Jim Saulnier & Associates LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $240,000. Finally, StoneX Group Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.8% in the third quarter. StoneX Group Inc. now owns 138,872 shares of the company’s stock worth $24,880,000 after acquiring an additional 10,003 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $173.84 on Monday. The business has a fifty day moving average price of $178.66 and a 200 day moving average price of $179.10. The company has a market cap of $72.42 billion, a P/E ratio of 20.93 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year 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).