Sowell Financial Services LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sowell Financial Services LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 87.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,507 shares of the company’s stock after purchasing an additional 26,427 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. BOK Financial Private Wealth Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 14,305 shares of the company’s stock worth $2,507,000 after buying an additional 357 shares during the last quarter. Horan Securities Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $510,000. Coordinated Financial Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $989,000. Axis Wealth Partners LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $1,157,000. Finally, Oak Harbor Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 9.9% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 21,480 shares of the company’s stock worth $3,764,000 after purchasing an additional 1,938 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9 %

Shares of RSP opened at $176.69 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16. The firm’s 50-day moving average price is $179.07 and its 200-day moving average price is $179.13. The firm has a market capitalization of $73.45 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07.

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).