Brookstone Capital Management Buys 171,963 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Brookstone Capital Management grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 429.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,032 shares of the company’s stock after purchasing an additional 171,963 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 0.6% of Brookstone Capital Management’s investment portfolio, making the stock its 29th largest position. Brookstone Capital Management owned approximately 0.06% of Invesco S&P 500 Equal Weight ETF worth $36,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairman Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $27,000. Partnership Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $25,000. Howe & Rusling Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. DHJJ Financial Advisors Ltd. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 107.5% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, Creekmur Asset Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 86.5% during the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 90 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.2 %

Shares of NYSEARCA:RSP traded up $0.41 during mid-day trading on Friday, reaching $170.78. The company had a trading volume of 3,454,702 shares, compared to its average volume of 6,308,656. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $173.08. The company’s 50-day moving average price is $166.52 and its 200-day moving average price is $164.60. The firm has a market cap of $57.20 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).