Stratos Wealth Advisors LLC Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Stratos Wealth Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.4% during the third quarter, HoldingsChannel.com reports. The firm owned 63,224 shares of the company’s stock after purchasing an additional 4,375 shares during the period. Stratos Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,327,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RSP. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after buying an additional 18,390,083 shares during the period. JPMorgan Chase & Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after acquiring an additional 2,328,560 shares during the period. 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 valued at $10,524,000 after acquiring an additional 6,352,369 shares during the last quarter. LPL Financial LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 0.9% in the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after purchasing an additional 11,263 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3 %

Shares of RSP opened at $181.82 on Friday. The firm has a fifty day moving average price of $175.44 and a 200-day moving average price of $168.81. The firm has a market capitalization of $60.90 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $182.22.

Invesco S&P 500 Equal Weight ETF 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).