Kovack Advisors Inc. Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kovack Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.3% during the 4th quarter, Holdings Channel reports. The firm owned 10,902 shares of the company’s stock after acquiring an additional 1,367 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SJS Investment Consulting Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after buying an additional 88 shares during the period. Van ECK Associates Corp increased its stake in Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares during the last quarter. FPC Investment Advisory Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $28,000. Truvestments Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $29,000. Finally, Hemington Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.0% in the 4th quarter. Hemington Wealth Management now owns 184 shares of the company’s stock worth $32,000 after purchasing an additional 84 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2 %

RSP opened at $179.77 on Thursday. The stock has a 50-day moving average price of $179.00 and a 200-day moving average price of $178.75. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The stock has a market capitalization of $74.73 billion, a P/E ratio of 21.37 and a beta of 1.07.

About Invesco S&P 500 Equal Weight ETF

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).