Covenant Asset Management LLC Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Covenant Asset Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,369 shares of the company’s stock after acquiring an additional 484 shares during the period. Covenant Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GM Advisory Group LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.8% during the third quarter. GM Advisory Group LLC now owns 18,670 shares of the company’s stock worth $3,345,000 after purchasing an additional 510 shares during the last quarter. Biltmore Family Office LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $1,303,000. Citigroup Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 10.6% during the third quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock worth $373,069,000 after purchasing an additional 198,793 shares during the last quarter. Lathrop Investment Management Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 18.9% in the third quarter. Lathrop Investment Management Corp now owns 2,645 shares of the company’s stock valued at $474,000 after acquiring an additional 420 shares in the last quarter. Finally, Activest Wealth Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Activest Wealth Management now owns 159,994 shares of the company’s stock worth $28,664,000 after buying an additional 4,062 shares in the last quarter.

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

RSP stock opened at $184.08 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $146.01 and a 12-month high of $185.79. The company has a market cap of $61.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The firm has a 50 day moving average of $179.45 and a 200-day moving average of $171.75.

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).