Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Acquired by Boston Mountain Money Management Inc.

Boston Mountain Money Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 61.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,237 shares of the company’s stock after acquiring an additional 4,271 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.2% of Boston Mountain Money Management Inc.’s investment portfolio, making the stock its 16th biggest position. Boston Mountain Money Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Milestone Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 9.7% during the 2nd quarter. Milestone Asset Management LLC now owns 7,011 shares of the company’s stock worth $1,152,000 after acquiring an additional 618 shares in the last quarter. Meridian Investment Counsel Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 6.4% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 19,600 shares of the company’s stock worth $3,220,000 after purchasing an additional 1,171 shares during the last quarter. Central Bank & Trust Co. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $36,000. OMNI 360 Wealth Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 15.2% during the 2nd quarter. OMNI 360 Wealth Inc. now owns 5,597 shares of the company’s stock worth $919,000 after purchasing an additional 739 shares during the last quarter. Finally, Montz Harcus Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 47.0% during the 2nd quarter. Montz Harcus Wealth Management LLC now owns 2,879 shares of the company’s stock worth $473,000 after purchasing an additional 921 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

RSP stock traded up $1.30 during midday trading on Monday, hitting $172.08. 5,482,937 shares of the company’s stock were exchanged, compared to its average volume of 6,304,074. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $173.08. The firm has a 50 day moving average price of $166.52 and a 200-day moving average price of $164.70. The stock has a market capitalization of $57.64 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

Invesco S&P 500 Equal Weight ETF Company 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).