WealthPLAN Partners LLC Increases Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

WealthPLAN Partners LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.1% during the first quarter, HoldingsChannel reports. The fund owned 29,711 shares of the company’s stock after buying an additional 1,701 shares during the period. WealthPLAN Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,032,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. J.W. Cole Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 126.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock worth $6,384,000 after purchasing an additional 22,615 shares during the period. TFB Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 38.5% in the 4th quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock valued at $310,000 after acquiring an additional 546 shares during the last quarter. Apexium Financial LP lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 111.6% in the fourth quarter. Apexium Financial LP now owns 14,908 shares of the company’s stock worth $2,353,000 after buying an additional 7,864 shares in the last quarter. Roble Belko & Company Inc bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $263,000. Finally, Well Done LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the fourth quarter. Well Done LLC now owns 44,525 shares of the company’s stock valued at $7,026,000 after purchasing an additional 197 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9 %

NYSEARCA:RSP traded up $1.47 during midday trading on Friday, hitting $168.53. 11,488,490 shares of the company traded hands, compared to its average volume of 6,057,147. The firm has a market capitalization of $56.45 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s fifty day moving average is $165.22 and its 200-day moving average is $162.61. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80.

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).