Noble Wealth Management PBC Purchases Shares of 11,821 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Noble Wealth Management PBC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 11,821 shares of the company’s stock, valued at approximately $2,071,000. Invesco S&P 500 Equal Weight ETF accounts for 1.4% of Noble Wealth Management PBC’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after purchasing an additional 88 shares during the period. FPC Investment Advisory Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $28,000. Van ECK Associates Corp lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $29,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $34,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $180.18 on Friday. The stock has a fifty day moving average price of $179.15 and a 200 day moving average price of $178.84. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16. The company has a market cap of $74.90 billion, a PE ratio of 21.37 and a beta of 1.07.

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).