IFG Advisory LLC Purchases Shares of 4,456 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

IFG Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,456 shares of the company’s stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $860,010,000. Balyasny Asset Management L.P. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $671,392,000. JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after buying an additional 2,328,560 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $284,337,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1,276.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 758,169 shares of the company’s stock valued at $124,552,000 after purchasing an additional 703,098 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

RSP stock opened at $175.87 on Friday. The stock has a market capitalization of $58.91 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $175.96. The firm has a 50 day moving average of $168.24 and a 200 day moving average of $165.67.

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).