Brookstone Capital Management Buys 33,804 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Brookstone Capital Management grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,485 shares of the company’s stock after purchasing an additional 33,804 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $42,140,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Eastern Bank bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $28,000. Richardson Financial Services Inc. raised its holdings in shares of 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 buying an additional 83 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Truvestments Capital LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $29,000. Finally, Riggs Asset Managment Co. Inc. grew its position 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 acquiring an additional 110 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock traded up $0.48 during midday trading on Monday, reaching $173.73. The company’s stock had a trading volume of 4,062,366 shares, compared to its average volume of 6,939,561. The firm has a market capitalization of $58.19 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $153.10 and a 1 year high of $188.16. The stock has a fifty day simple moving average of $180.89 and a two-hundred day simple moving average of $175.64.

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).