Legend Financial Advisors Inc. Boosts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Legend Financial Advisors Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 983 shares of the company’s stock after acquiring an additional 99 shares during the period. Legend Financial Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $161,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RSP. Clal Insurance Enterprises Holdings Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $860,010,000. Balyasny Asset Management L.P. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $671,392,000. JPMorgan Chase & Co. increased its position in Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after acquiring an additional 2,328,560 shares during the period. Global Assets Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $284,337,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 1,276.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 758,169 shares of the company’s stock worth $124,552,000 after purchasing an additional 703,098 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded down $0.48 on Wednesday, hitting $173.87. 3,964,497 shares of the company’s stock were exchanged, compared to its average volume of 6,245,947. The firm’s 50-day moving average price is $167.85 and its two-hundred day moving average price is $165.49. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $175.38. The firm has a market cap of $58.24 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).