E&G Advisors LP Has $6.22 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

E&G Advisors LP boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.2% in the first quarter, Holdings Channel.com reports. The firm owned 36,714 shares of the company’s stock after buying an additional 8,294 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 2.0% of E&G Advisors LP’s investment portfolio, making the stock its 8th largest position. E&G Advisors LP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RSP. Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $860,010,000. Balyasny Asset Management L.P. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $671,392,000. Morgan Stanley grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after acquiring an additional 2,153,993 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $284,337,000. Finally, Chai Trust Co. LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 926.0% in the third quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after acquiring an additional 1,539,527 shares during the last quarter.

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

Shares of NYSEARCA RSP traded up $0.07 during trading on Wednesday, reaching $163.75. The company had a trading volume of 2,743,812 shares, compared to its average volume of 6,023,526. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80. The stock has a market cap of $54.85 billion, a PE ratio of 20.44 and a beta of 0.90. The business’s 50-day moving average is $164.77 and its 200 day moving average is $162.18.

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).