Spectrum Financial Alliance Ltd LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,337 shares of the company’s stock, valued at approximately $240,000. Invesco S&P 500 Equal Weight ETF comprises approximately 0.1% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RSP. Wealth Alliance Advisory Group LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 2.1% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 99,060 shares of the company’s stock worth $17,748,000 after acquiring an additional 2,004 shares during the last quarter. Cadent Capital Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 7.6% during the third quarter. Cadent Capital Advisors LLC now owns 102,472 shares of the company’s stock worth $18,359,000 after purchasing an additional 7,242 shares in the last quarter. E&G Advisors LP grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.3% during the third quarter. E&G Advisors LP now owns 43,177 shares of the company’s stock valued at $7,736,000 after purchasing an additional 123 shares during the last quarter. Alta Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.8% in the third quarter. Alta Wealth Advisors LLC now owns 28,836 shares of the company’s stock valued at $5,166,000 after purchasing an additional 4,150 shares in the last quarter. Finally, Integris Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.9% in the 3rd quarter. Integris Wealth Management LLC now owns 1,975 shares of the company’s stock worth $354,000 after purchasing an additional 75 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $181.87 on Friday. The business’s fifty day moving average price is $175.44 and its two-hundred day moving average price is $168.82. The firm has a market capitalization of $60.92 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $182.22.

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).