Alterna Wealth Management Inc. Makes New $587,000 Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Alterna Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,278 shares of the company’s stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also made changes to their positions in RSP. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after acquiring an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after purchasing an additional 6,352,369 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares during the period. US Bancorp DE increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after acquiring an additional 1,990,537 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 174.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock valued at $384,415,000 after acquiring an additional 1,488,000 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $176.61 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $139.03 and a 52 week high of $182.22. The firm has a market capitalization of $59.15 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company has a 50 day moving average price of $177.07 and a 200 day moving average price of $169.99.

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).