Regal Investment Advisors LLC Purchases 93 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Regal Investment Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,898 shares of the company’s stock after acquiring an additional 93 shares during the period. Regal Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,133,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RSP. Charles Schwab Investment Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $4,965,000. Jones Financial Companies Lllp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $85,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 19.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 135,503 shares of the company’s stock worth $21,382,000 after acquiring an additional 22,483 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 307.2% during the fourth quarter. Belpointe Asset Management LLC now owns 66,512 shares of the company’s stock worth $10,496,000 after acquiring an additional 50,178 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 22,186 shares of the company’s stock valued at $3,501,000 after buying an additional 3,193 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1 %

Shares of RSP stock opened at $179.16 on Tuesday. The stock has a market cap of $60.01 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock has a 50 day simple moving average of $172.16 and a 200 day simple moving average of $167.62. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $179.94.

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).