Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 62.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,779 shares of the company’s stock after buying an additional 24,871 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.9% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 23rd largest holding. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSP. Ironwood Wealth Management LLC. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 10.5% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock worth $3,989,000 after buying an additional 2,317 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $1,298,000. Thrivent Financial for Lutherans lifted its stake in Invesco S&P 500 Equal Weight ETF by 24.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 16,307 shares of the company’s stock valued at $2,679,000 after buying an additional 3,237 shares in the last quarter. AQR Capital Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 149.3% during the 2nd quarter. AQR Capital Management LLC now owns 20,882 shares of the company’s stock valued at $3,430,000 after buying an additional 12,507 shares during the last quarter. Finally, Chicago Wealth Management Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 2.1% during the second quarter. Chicago Wealth Management Inc. now owns 57,891 shares of the company’s stock worth $9,510,000 after buying an additional 1,184 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.1 %

Shares of NYSEARCA:RSP opened at $182.19 on Monday. The company has a market capitalization of $61.02 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock’s fifty day simple moving average is $180.39 and its 200-day simple moving average is $176.66. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16.

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).