WESPAC Advisors LLC Makes New $1.58 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

WESPAC Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, Holdings Channel reports. The firm acquired 9,038 shares of the company’s stock, valued at approximately $1,584,000. Invesco S&P 500 Equal Weight ETF accounts for about 1.2% of WESPAC Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Financial Concepts LLC increased 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 buying an additional 8,451,521 shares during the last quarter. LPL Financial LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock worth $732,879,000 after purchasing an additional 354,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock worth $436,792,000 after purchasing an additional 98,000 shares during the last quarter. Citigroup Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 10.6% in the 3rd quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock worth $373,069,000 after purchasing an additional 198,793 shares during the last quarter. Finally, Lbmc Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.3% in the fourth quarter. Lbmc Investment Advisors LLC now owns 1,342,693 shares of the company’s stock valued at $235,280,000 after buying an additional 4,262 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 1.4 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $179.82 on Friday. The firm has a market cap of $60.23 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $158.83 and a fifty-two week high of $188.16. The business has a 50-day moving average price of $178.93 and a 200 day moving average price of $178.44.

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).