Steele Capital Management Inc. Invests $1.41 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Steele Capital Management Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,911 shares of the company’s stock, valued at approximately $1,406,000.

A number of other large investors have also added to or reduced their stakes in the company. Manning & Napier Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 5.1% in the third quarter. Manning & Napier Group LLC now owns 105,858 shares of the company’s stock worth $14,999,000 after buying an additional 5,092 shares in the last quarter. Lake Street Financial LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 58.7% in the third quarter. Lake Street Financial LLC now owns 4,896 shares of the company’s stock worth $696,000 after buying an additional 1,810 shares during the period. Lodestone Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the 3rd quarter. Lodestone Wealth Management LLC now owns 2,161 shares of the company’s stock valued at $306,000 after acquiring an additional 79 shares during the last quarter. Brookstone Capital Management boosted its holdings in Invesco S&P 500 Equal Weight ETF by 135.7% during the 3rd quarter. Brookstone Capital Management now owns 19,268 shares of the company’s stock valued at $2,673,000 after acquiring an additional 11,094 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 1,061,227 shares of the company’s stock valued at $150,365,000 after purchasing an additional 22,670 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7 %

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.13 on Monday, hitting $163.56. The stock had a trading volume of 3,877,110 shares, compared to its average volume of 6,561,273. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $169.80. The stock’s 50-day simple moving average is $164.11 and its two-hundred day simple moving average is $155.22. The stock has a market cap of $55.54 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.

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).