Private Advisor Group LLC Acquires 14,702 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Private Advisor Group LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.9% during the second quarter, HoldingsChannel reports. The fund owned 522,545 shares of the company’s stock after purchasing an additional 14,702 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 0.6% of Private Advisor Group LLC’s holdings, making the stock its 28th largest position. Private Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $85,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after purchasing an additional 2,328,560 shares during the last quarter. UBS Group AG grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the 4th quarter. UBS Group AG now owns 6,039,483 shares of the company’s stock valued at $953,030,000 after buying an additional 90,811 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $671,392,000. Cresset Asset Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 7.0% during the fourth quarter. Cresset Asset Management LLC now owns 2,879,877 shares of the company’s stock worth $454,445,000 after acquiring an additional 188,443 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the fourth quarter. Sei Investments Co. now owns 2,370,675 shares of the company’s stock worth $374,095,000 after acquiring an additional 41,003 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $170.45 on Friday. The stock has a market capitalization of $57.09 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $175.96. The business’s 50 day simple moving average is $169.09 and its 200 day simple moving average is $166.14.

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).