Evernest Financial Advisors LLC Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Evernest Financial Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 67,667 shares of the company’s stock after purchasing an additional 454 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 3.1% of Evernest Financial Advisors LLC’s holdings, making the stock its 9th largest position. Evernest Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,857,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. SJS Investment Consulting Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after purchasing an additional 88 shares during the last quarter. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. Richardson Financial Services Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $29,000.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $182.74 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $155.79 and a fifty-two week high of $188.16. The company’s 50-day moving average is $180.39 and its 200 day moving average is $176.97. The firm has a market capitalization of $61.21 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).