McAlister Sweet & Associates Inc. Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

McAlister Sweet & Associates Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 74.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,559 shares of the company’s stock after buying an additional 24,227 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 7.1% of McAlister Sweet & Associates Inc.’s investment portfolio, making the stock its 2nd biggest position. McAlister Sweet & Associates Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,911,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares in the last quarter. LPL Financial LLC raised its position in Invesco S&P 500 Equal Weight ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock valued at $732,879,000 after buying an additional 354,184 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after acquiring an additional 11,263 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Invesco S&P 500 Equal Weight ETF by 4.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock worth $436,792,000 after acquiring an additional 98,000 shares during the period. Finally, US Bancorp DE grew its stake in Invesco S&P 500 Equal Weight ETF by 2,150.4% during the 2nd quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after acquiring an additional 1,990,537 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP traded down $0.59 during mid-day trading on Tuesday, reaching $175.61. The company had a trading volume of 8,467,724 shares, compared to its average volume of 7,793,196. The company has a market capitalization of $58.82 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock has a fifty day moving average of $181.07 and a two-hundred day moving average of $175.35. Invesco S&P 500 Equal Weight ETF has a 12-month low of $153.10 and a 12-month high of $188.16.

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).