Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Bought by Abbot Financial Management Inc.

Abbot Financial Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 54.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,970 shares of the company’s stock after buying an additional 1,045 shares during the quarter. Abbot Financial Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $520,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RSP. Beta Wealth Group Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.4% in the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after acquiring an additional 150 shares in the last quarter. Sandy Cove Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $222,000. Strategic Financial Concepts LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 84.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after buying an additional 33,861 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.9% during the fourth quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock worth $3,053,000 after buying an additional 808 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Invesco S&P 500 Equal Weight ETF by 105.4% in the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after acquiring an additional 78 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 1.6 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $175.38 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The company has a 50 day moving average of $179.14 and a 200 day moving average of $179.08. The company has a market capitalization of $72.90 billion, a P/E 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).