Rehmann Capital Advisory Group Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Rehmann Capital Advisory Group raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 35.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,448 shares of the company’s stock after acquiring an additional 647 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Invesco S&P 500 Equal Weight ETF were worth $415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Shields Capital Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 8.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 4,655 shares of the company’s stock valued at $788,000 after purchasing an additional 350 shares during the last quarter. CapWealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 7.3% during the 1st quarter. CapWealth Advisors LLC now owns 27,428 shares of the company’s stock valued at $4,645,000 after purchasing an additional 1,864 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $2,860,000. Salomon & Ludwin LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the 1st quarter. Salomon & Ludwin LLC now owns 5,601 shares of the company’s stock valued at $949,000 after purchasing an additional 350 shares during the last quarter. Finally, New England Capital Financial Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% during the 1st quarter. New England Capital Financial Advisors LLC now owns 103,442 shares of the company’s stock valued at $17,520,000 after purchasing an additional 919 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.3 %

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $2.12 during trading on Thursday, hitting $167.19. 2,808,871 shares of the stock traded hands, compared to its average volume of 5,947,544. The stock has a market cap of $56.00 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The firm’s fifty day moving average is $164.99 and its 200-day moving average is $162.46. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80.

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).