Commonwealth Equity Services LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Commonwealth Equity Services LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,083,038 shares of the company’s stock after buying an additional 21,811 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.38% of Invesco S&P 500 Equal Weight ETF worth $170,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSP. Morgan Stanley raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after buying an additional 2,153,993 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 70.7% in the third quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock worth $528,915,000 after buying an additional 1,545,894 shares during the period. Chai Trust Co. LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 926.0% during the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after purchasing an additional 1,539,527 shares during the period. Ameriprise Financial Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 53.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,120,094 shares of the company’s stock worth $449,410,000 after purchasing an additional 1,082,620 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $165,805,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP traded up $0.75 during trading on Thursday, hitting $161.40. 3,127,699 shares of the stock were exchanged, compared to its average volume of 6,531,274. The firm has a 50 day simple moving average of $164.23 and a 200 day simple moving average of $155.57. The firm has a market cap of $54.06 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 $133.34 and a 1 year high of $169.80.

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).