Marshall Financial Group LLC Invests $2.70 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Marshall Financial Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,925 shares of the company’s stock, valued at approximately $2,697,000. Invesco S&P 500 Equal Weight ETF comprises 0.8% of Marshall Financial Group LLC’s portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RSP. J.W. Cole Advisors Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 126.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock valued at $6,384,000 after purchasing an additional 22,615 shares in the last quarter. TFB Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 38.5% during the 4th quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock worth $310,000 after buying an additional 546 shares during the period. Apexium Financial LP increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 111.6% in the 4th quarter. Apexium Financial LP now owns 14,908 shares of the company’s stock valued at $2,353,000 after acquiring an additional 7,864 shares in the last quarter. Roble Belko & Company Inc acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $263,000. Finally, Well Done LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the fourth quarter. Well Done LLC now owns 44,525 shares of the company’s stock worth $7,026,000 after acquiring an additional 197 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.0 %

RSP traded up $0.07 during midday trading on Thursday, hitting $163.75. The company had a trading volume of 2,745,124 shares, compared to its average volume of 6,023,526. The stock’s 50 day moving average price is $164.79 and its 200 day moving average price is $162.19. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The company has a market capitalization of $54.85 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).