Benchmark Financial Wealth Advisors LLC Has $5.55 Million Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Benchmark Financial Wealth Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,988 shares of the company’s stock after buying an additional 195 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.9% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Benchmark Financial Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Leslie Global Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $278,000. Guidance Point Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $206,000. Catalina Capital Group LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 10.2% during the third quarter. Catalina Capital Group LLC now owns 19,056 shares of the company’s stock valued at $3,414,000 after purchasing an additional 1,757 shares during the period. Avidian Wealth Enterprises LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 17,813 shares of the company’s stock valued at $3,191,000 after purchasing an additional 203 shares during the period. Finally, Beacon Financial Advisory LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 8.1% during the third quarter. Beacon Financial Advisory LLC now owns 6,457 shares of the company’s stock valued at $1,157,000 after purchasing an additional 485 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $178.67 on Wednesday. The business’s fifty day moving average price is $177.16 and its two-hundred day moving average price is $170.13. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $139.03 and a fifty-two week high of $182.22. The stock has a market capitalization of $59.84 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

About Invesco S&P 500 Equal Weight ETF

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).