Keudell Morrison Wealth Management Buys 365 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Keudell Morrison Wealth Management lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,981 shares of the company’s stock after buying an additional 365 shares during the period. Keudell Morrison Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RSP. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. GHP Investment Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Richardson Financial Services Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Bristlecone Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000. Finally, Riggs Asset Managment Co. Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 146.7% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock traded up $0.29 during mid-day trading on Thursday, reaching $183.19. The company’s stock had a trading volume of 1,507,502 shares, compared to its average volume of 6,039,444. The firm’s 50-day moving average is $177.34 and its two-hundred day moving average is $170.22. The company has a market cap of $61.36 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $139.03 and a 1-year high of $183.39.

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).