Modus Advisors LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Modus Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,600 shares of the company’s stock after buying an additional 946 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.8% of Modus Advisors LLC’s investment portfolio, making the stock its 18th largest position. Modus Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSP. Avantax Advisory Services Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 77,407 shares of the company’s stock worth $11,195,000 after acquiring an additional 1,414 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,807 shares of the company’s stock valued at $1,129,000 after buying an additional 1,042 shares in the last quarter. Kohmann Bosshard Financial Services LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 24.3% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 3,893 shares of the company’s stock worth $563,000 after acquiring an additional 762 shares in the last quarter. Van Hulzen Asset Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $650,000. Finally, Diversified Trust Co increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 19.6% during the first quarter. Diversified Trust Co now owns 16,560 shares of the company’s stock valued at $2,395,000 after purchasing an additional 2,718 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded up $1.22 during mid-day trading on Thursday, reaching $148.33. The company had a trading volume of 1,056,252 shares, compared to its average volume of 4,233,156. Invesco S&P 500 Equal Weight ETF has a 52 week low of $124.92 and a 52 week high of $155.77. The company has a market capitalization of $41.93 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. The firm has a 50-day moving average price of $150.63 and a 200 day moving average price of $146.20.

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).