Modus Advisors LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Modus Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,860 shares of the company’s stock after acquiring an additional 1,083 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.8% of Modus Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Modus Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Riversedge Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.7% in the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after buying an additional 7,883 shares during the last quarter. Blue Trust Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after acquiring an additional 173 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Invesco S&P 500 Equal Weight ETF by 17.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock worth $6,614,000 after acquiring an additional 6,001 shares during the period. Brightwater Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $3,227,000. Finally, Montis Financial LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after purchasing an additional 21,202 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5 %

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $0.80 during trading hours on Friday, hitting $175.52. 1,280,692 shares of the company were exchanged, compared to its average volume of 5,071,371. The business has a 50-day moving average of $181.16 and a 200-day moving average of $175.06. Invesco S&P 500 Equal Weight ETF has a 1 year low of $153.10 and a 1 year high of $188.16. The stock has a market capitalization of $58.79 billion, a price-to-earnings 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).