Acorn Wealth Advisors LLC Grows Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Acorn Wealth Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,420 shares of the company’s stock after acquiring an additional 3,799 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.3% of Acorn Wealth Advisors LLC’s holdings, making the stock its 17th biggest holding. Acorn Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Strategic Financial Concepts LLC raised its position in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock valued at $1,487,984,000 after purchasing an additional 8,451,521 shares during the period. SPX Gestao de Recursos Ltda grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after buying an additional 839,150 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $83,931,000. Penserra Capital Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 2,274.4% during the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after acquiring an additional 465,623 shares in the last quarter. Finally, First Interstate Bank boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,324.6% in the third quarter. First Interstate Bank now owns 379,553 shares of the company’s stock valued at $68,001,000 after purchasing an additional 363,899 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $179.97 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16. The business’s 50-day simple moving average is $178.90 and its 200 day simple moving average is $178.65. The stock has a market cap of $60.28 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).