Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Pinnacle Wealth Management Group Inc.’s 9th Largest Position

Pinnacle Wealth Management Group Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,092 shares of the company’s stock after buying an additional 1,097 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 3.3% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its 9th largest holding. Pinnacle Wealth Management Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.0% during the 4th quarter. AdvisorNet Financial Inc now owns 10,741 shares of the company’s stock worth $1,882,000 after purchasing an additional 1,061 shares during the period. Tsfg LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 25.4% in the fourth quarter. Tsfg LLC now owns 15,346 shares of the company’s stock worth $2,689,000 after purchasing an additional 3,112 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 38,917 shares of the company’s stock valued at $6,819,000 after buying an additional 116 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $17,966,000. Finally, Davis Investment Partners LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the fourth quarter. Davis Investment Partners LLC now owns 161,406 shares of the company’s stock worth $27,990,000 after buying an additional 3,399 shares during the period.

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

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $174.67 on Tuesday. The company has a market capitalization of $58.50 billion, a PE ratio of 20.44 and a beta of 0.90. The stock’s fifty day moving average is $180.85 and its two-hundred day moving average is $175.71. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16.

Invesco S&P 500 Equal Weight ETF 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).