Bright Financial Advisors Inc. Makes New $12.87 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bright Financial Advisors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 78,364 shares of the company’s stock, valued at approximately $12,874,000. Invesco S&P 500 Equal Weight ETF makes up 9.1% of Bright Financial Advisors Inc.’s holdings, making the stock its 3rd biggest holding.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $4,965,000. Great Lakes Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $200,000. TrinityPoint Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.9% in the 4th quarter. TrinityPoint Wealth LLC now owns 5,647 shares of the company’s stock valued at $891,000 after purchasing an additional 210 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $929,000. Finally, Corient Private Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 27.2% during the fourth quarter. Corient Private Wealth LLC now owns 107,526 shares of the company’s stock worth $16,968,000 after purchasing an additional 23,017 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2 %

Shares of RSP stock opened at $176.21 on Thursday. The stock has a market cap of $59.02 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $178.40. The business has a fifty day simple moving average of $170.76 and a 200-day simple moving average of $166.88.

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).