Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Strong Tower Advisory Services’ 7th Largest Position

Strong Tower Advisory Services grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 45.6% during the third quarter, Holdings Channel reports. The firm owned 67,048 shares of the company’s stock after purchasing an additional 21,014 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 3.3% of Strong Tower Advisory Services’ portfolio, making the stock its 7th largest position. Strong Tower Advisory Services’ holdings in Invesco S&P 500 Equal Weight ETF were worth $12,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RSP. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after purchasing an additional 6,352,369 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after purchasing an additional 2,328,560 shares during the last quarter. US Bancorp DE grew its position in Invesco S&P 500 Equal Weight ETF by 2,150.4% in the 2nd quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after purchasing an additional 1,990,537 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $284,337,000.

Invesco S&P 500 Equal Weight ETF Stock Up 1.0 %

NYSEARCA RSP traded up $1.77 during midday trading on Friday, hitting $179.92. The company had a trading volume of 1,824,666 shares, compared to its average volume of 6,159,588. The firm has a fifty day simple moving average of $173.52 and a two-hundred day simple moving average of $168.27. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $180.03. The stock has a market cap of $60.26 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).