Strategic Financial Concepts LLC Has $10.52 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Strategic Financial Concepts LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11,793.3% during the second quarter, Holdings Channel.com reports. The fund owned 6,406,233 shares of the company’s stock after buying an additional 6,352,369 shares during the period. Strategic Financial Concepts LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $245,000. EFG Asset Management Americas Corp. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 349.8% in the second quarter. EFG Asset Management Americas Corp. now owns 9,310 shares of the company’s stock valued at $1,529,000 after buying an additional 7,240 shares in the last quarter. Main Street Group LTD increased its holdings in Invesco S&P 500 Equal Weight ETF by 46.7% during the second quarter. Main Street Group LTD now owns 2,057 shares of the company’s stock worth $335,000 after buying an additional 655 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 38.0% during the second quarter. Cullen Frost Bankers Inc. now owns 16,886 shares of the company’s stock worth $2,774,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $310,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $170.45 on Friday. The company has a market cap of $57.09 billion, a PE ratio of 20.44 and a beta of 0.90. The firm has a 50-day moving average of $169.09 and a 200-day moving average of $166.19. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $175.96.

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).