Carret Asset Management LLC Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Carret Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,094 shares of the company’s stock after purchasing an additional 681 shares during the quarter. Carret Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of RSP. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. Fairman Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $27,000. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $33,000. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $178.11 on Friday. The firm has a market cap of $59.66 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s fifty day moving average is $176.50 and its 200 day moving average is $169.26. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $182.22.

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).