Keudell Morrison Wealth Management Increases Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Keudell Morrison Wealth Management raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,392 shares of the company’s stock after acquiring an additional 411 shares during the period. Keudell Morrison Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $419,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Beaumont Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock worth $327,000 after purchasing an additional 58 shares during the last quarter. CPA Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after acquiring an additional 62 shares during the period. Inlet Private Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after acquiring an additional 63 shares during the last quarter. Abound Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after acquiring an additional 63 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the fourth quarter. Avior Wealth Management LLC now owns 4,272 shares of the company’s stock worth $749,000 after acquiring an additional 64 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 1.1 %

Shares of RSP stock opened at $182.74 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $155.79 and a 12-month high of $188.16. The firm’s 50 day moving average is $180.39 and its 200 day moving average is $176.97. The stock 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).