Encompass More Asset Management Invests $529,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Encompass More Asset Management purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,954 shares of the company’s stock, valued at approximately $529,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Flow Traders U.S. LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 236.1% in the third quarter. Flow Traders U.S. LLC now owns 103,900 shares of the company’s stock worth $18,615,000 after buying an additional 72,989 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the third quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock worth $23,455,000 after buying an additional 2,206 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 17.1% in the third quarter. Hantz Financial Services Inc. now owns 995 shares of the company’s stock worth $178,000 after purchasing an additional 145 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $7,417,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 253.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,781 shares of the company’s stock worth $13,398,000 after purchasing an additional 53,621 shares during the last quarter.

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

RSP stock opened at $187.62 on Friday. The company’s 50 day moving average is $180.69 and its 200 day moving average is $172.66. The stock has a market cap of $62.84 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $146.87 and a 1-year high of $188.16.

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).