Kovack Advisors Inc. Purchases 10,639 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kovack Advisors Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 138.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,327 shares of the company’s stock after buying an additional 10,639 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Strategic Blueprint LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $728,000. Galvin Gaustad & Stein LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 15.6% during the third quarter. Galvin Gaustad & Stein LLC now owns 2,508 shares of the company’s stock worth $355,000 after purchasing an additional 338 shares in the last quarter. L. Roy Papp & Associates LLP grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. L. Roy Papp & Associates LLP now owns 48,639 shares of the company’s stock valued at $6,892,000 after buying an additional 640 shares in the last quarter. Consolidated Investment Group LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 2.8% during the 3rd quarter. Consolidated Investment Group LLC now owns 288,800 shares of the company’s stock valued at $40,920,000 after buying an additional 8,000 shares in the last quarter. Finally, Flagship Private Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $877,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.0 %

NYSEARCA RSP traded up $0.06 during trading on Friday, hitting $162.41. 5,647,445 shares of the stock traded hands, compared to its average volume of 6,594,313. The company has a market capitalization of $55.14 billion, a P/E ratio of 20.43 and a beta of 0.93. The firm has a 50-day simple moving average of $164.11 and a 200-day simple moving average of $155.04. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80.

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).