Alpha Cubed Investments LLC Has $2.98 Million Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Alpha Cubed Investments LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,864 shares of the company’s stock after acquiring an additional 2,199 shares during the period. Alpha Cubed Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,977,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its position in Invesco S&P 500 Equal Weight ETF by 12.8% during the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after acquiring an additional 2,153,993 shares during the last quarter. Truist Financial Corp grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the 3rd quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock valued at $1,107,273,000 after acquiring an additional 112,526 shares during the period. UBS Group AG increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.4% during the 3rd quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after purchasing an additional 880,506 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.6% in the 3rd quarter. Invesco Ltd. now owns 4,521,037 shares of the company’s stock valued at $640,586,000 after purchasing an additional 609,306 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Invesco S&P 500 Equal Weight ETF by 70.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock valued at $528,915,000 after purchasing an additional 1,545,894 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded down $2.36 during trading on Tuesday, reaching $161.20. 4,913,774 shares of the company’s stock were exchanged, compared to its average volume of 6,541,681. The business has a 50 day moving average price of $164.18 and a 200-day moving average price of $155.38. The stock has a market capitalization of $54.73 billion, a P/E ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80.

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).