Signify Wealth Takes $3.86 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Signify Wealth purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, Holdings Channel.com reports. The firm purchased 21,537 shares of the company’s stock, valued at approximately $3,859,000. Invesco S&P 500 Equal Weight ETF makes up about 4.7% of Signify Wealth’s investment portfolio, making the stock its 13th biggest position.

Several other large investors have also bought and sold shares of RSP. Capstone Investment Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 88.3% during the 1st quarter. Capstone Investment Advisors LLC now owns 3,775 shares of the company’s stock worth $639,000 after purchasing an additional 1,770 shares in the last quarter. CapWealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.3% during the 1st quarter. CapWealth Advisors LLC now owns 27,428 shares of the company’s stock worth $4,645,000 after acquiring an additional 1,864 shares during the period. Wellington Shields Capital Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 8.1% in the first quarter. Wellington Shields Capital Management LLC now owns 4,655 shares of the company’s stock valued at $788,000 after buying an additional 350 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Invesco S&P 500 Equal Weight ETF by 35.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,448 shares of the company’s stock worth $415,000 after buying an additional 647 shares during the period. Finally, Mcdonald Capital Investors Inc. CA bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $202,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3 %

NYSEARCA RSP traded up $0.56 on Monday, hitting $176.96. 709,577 shares of the company were exchanged, compared to its average volume of 6,021,126. The stock has a fifty day moving average of $177.03 and a 200-day moving average of $169.87. Invesco S&P 500 Equal Weight ETF has a 12 month low of $139.03 and a 12 month high of $182.22. The company has a market cap of $59.27 billion, a PE ratio of 20.44 and a beta of 0.90.

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).