LRI Investments LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

LRI Investments LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, Holdings Channel reports. The firm purchased 475 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envoi LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth $554,000. Westwood Holdings Group Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 347.9% in the first quarter. Westwood Holdings Group Inc. now owns 871,278 shares of the company’s stock worth $147,568,000 after acquiring an additional 676,761 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 14.9% during the first quarter. Axxcess Wealth Management LLC now owns 59,238 shares of the company’s stock valued at $10,033,000 after acquiring an additional 7,671 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 24.6% in the first quarter. EP Wealth Advisors LLC now owns 42,878 shares of the company’s stock worth $7,262,000 after buying an additional 8,471 shares during the last quarter. Finally, Wellington Wealth Strategies LLC. lifted its position in Invesco S&P 500 Equal Weight ETF by 271.4% during the 1st quarter. Wellington Wealth Strategies LLC. now owns 6,269 shares of the company’s stock worth $1,062,000 after acquiring an additional 4,581 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP traded up $2.39 during trading on Friday, reaching $169.74. 7,472,302 shares of the company’s stock were exchanged, compared to its average volume of 6,212,449. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $172.38. The stock has a market capitalization of $56.85 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day simple moving average is $165.83 and its 200-day simple moving average is $163.46.

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).