Covenant Asset Management LLC Purchases 88 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Covenant Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,457 shares of the company’s stock after buying an additional 88 shares during the quarter. Covenant Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Strategic Financial Concepts LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 21,084.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after purchasing an additional 8,451,521 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after acquiring an additional 839,150 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $83,931,000. Penserra Capital Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2,274.4% during the third quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock valued at $87,088,000 after acquiring an additional 465,623 shares during the last quarter. Finally, First Interstate Bank increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2,324.6% during the third quarter. First Interstate Bank now owns 379,553 shares of the company’s stock valued at $68,001,000 after acquiring an additional 363,899 shares during the last quarter.

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

Shares of RSP opened at $181.08 on Friday. The company has a market capitalization of $60.65 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock has a 50 day moving average of $179.16 and a 200 day moving average of $177.80. Invesco S&P 500 Equal Weight ETF has a 12 month low of $158.83 and a 12 month 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).