Gateway Advisory LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Gateway Advisory LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 21,141 shares of the company’s stock after acquiring an additional 553 shares during the quarter. Gateway Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,473,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $4,965,000. TrinityPoint Wealth LLC boosted its holdings in shares of 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 acquiring an additional 210 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $929,000. Franklin Resources Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 50.1% during the fourth quarter. Franklin Resources Inc. now owns 53,297 shares of the company’s stock worth $8,410,000 after purchasing an additional 17,785 shares during the last quarter. Finally, Commerce Bank lifted its position in Invesco S&P 500 Equal Weight ETF by 25.4% during the fourth quarter. Commerce Bank now owns 2,387 shares of the company’s stock valued at $377,000 after purchasing an additional 483 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $177.65 on Tuesday. The firm’s fifty day moving average is $171.34 and its two-hundred day moving average is $167.17. The firm has a market cap of $59.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $178.82.

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).