Steele Capital Management Inc. Increases Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Steele Capital Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,382 shares of the company’s stock after buying an additional 1,828 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 1.6% of Steele Capital Management Inc.’s holdings, making the stock its 18th largest position. Steele Capital Management Inc. owned approximately 0.05% of Invesco S&P 500 Equal Weight ETF worth $31,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RSP. Moran Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 78.5% in the 3rd quarter. Moran Wealth Management LLC now owns 177,561 shares of the company’s stock valued at $31,812,000 after purchasing an additional 78,089 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 83.4% during the third quarter. Moors & Cabot Inc. now owns 6,319 shares of the company’s stock worth $1,132,000 after purchasing an additional 2,874 shares during the period. EagleClaw Capital Managment LLC grew its position in Invesco S&P 500 Equal Weight ETF by 10.9% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 10,430 shares of the company’s stock valued at $1,869,000 after buying an additional 1,025 shares during the last quarter. Grandfield & Dodd LLC raised its position in Invesco S&P 500 Equal Weight ETF by 42.6% during the 3rd quarter. Grandfield & Dodd LLC now owns 3,480 shares of the company’s stock worth $623,000 after buying an additional 1,040 shares during the last quarter. Finally, Retireful LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 175.8% in the 3rd quarter. Retireful LLC now owns 95,849 shares of the company’s stock worth $17,172,000 after acquiring an additional 61,095 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $181.79 on Thursday. The firm has a market cap of $60.89 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $145.49 and a 52-week high of $185.79. The company’s 50-day simple moving average is $179.24 and its 200-day simple moving average is $171.66.

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).