Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,450 shares of the company’s stock after acquiring an additional 4,476 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 0.7% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ investment portfolio, making the stock its 22nd largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $4,918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. SteelPeak Wealth LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 37.0% in the 1st quarter. SteelPeak Wealth LLC now owns 4,828 shares of the company’s stock valued at $818,000 after purchasing an additional 1,303 shares in the last quarter. Panoramic Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.0% in the 1st quarter. Panoramic Investment Advisors LLC now owns 3,210 shares of the company’s stock valued at $544,000 after purchasing an additional 535 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $178,000. Capital Advisors Ltd. LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 2.5% during the 1st quarter. Capital Advisors Ltd. LLC now owns 84,428 shares of the company’s stock worth $14,300,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Buffington Mohr McNeal raised its stake in Invesco S&P 500 Equal Weight ETF by 43.2% during the 1st quarter. Buffington Mohr McNeal now owns 37,913 shares of the company’s stock worth $6,421,000 after acquiring an additional 11,437 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

NYSEARCA:RSP traded up $1.40 during midday trading on Monday, hitting $179.51. 360,228 shares of the company were exchanged, compared to its average volume of 6,046,079. The company has a fifty day simple moving average of $176.50 and a 200 day simple moving average of $169.29. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.54 and a fifty-two week high of $182.22. The company has a market capitalization of $60.13 billion, a PE ratio of 20.44 and a beta of 0.90.

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).