Commonwealth Equity Services LLC Has $223.67 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Commonwealth Equity Services LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,276,437 shares of the company’s stock after acquiring an additional 40,677 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $223,670,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Beta Wealth Group Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after buying an additional 150 shares in the last quarter. Ceera Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $267,000. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $222,000. Permanent Capital Management LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $25,956,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after purchasing an additional 33,861 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $171.07 on Thursday. The firm’s 50-day simple moving average is $178.91 and its 200-day simple moving average is $179.12. Invesco S&P 500 Equal Weight ETF has a twelve month low of $158.83 and a twelve month high of $188.16. The firm has a market cap of $71.11 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07.

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).