MONECO Advisors LLC Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

MONECO Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,755 shares of the company’s stock after buying an additional 5,009 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.9% of MONECO Advisors LLC’s holdings, making the stock its 21st largest holding. MONECO Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,695,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Morgan Stanley grew its stake 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 valued at $2,683,772,000 after purchasing an additional 2,153,993 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 worth $528,915,000 after acquiring an additional 1,545,894 shares in the last quarter. Chai Trust Co. LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 926.0% in the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after acquiring an additional 1,539,527 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 53.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,120,094 shares of the company’s stock worth $449,410,000 after acquiring an additional 1,082,620 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $165,805,000.

Invesco S&P 500 Equal Weight ETF Stock Down 1.4 %

Shares of RSP traded down $2.36 during mid-day trading on Tuesday, hitting $161.20. The stock had a trading volume of 4,913,774 shares, compared to its average volume of 6,541,681. The company has a market cap of $54.73 billion, a PE ratio of 20.43 and a beta of 0.93. The company’s fifty day simple moving average is $164.18 and its two-hundred day simple moving average is $155.38. 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).