Parallel Advisors LLC Buys 1,069 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Parallel Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,952 shares of the company’s stock after purchasing an additional 1,069 shares during the quarter. Parallel Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,608,000 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 the stock. Valued Retirements Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $717,000. Twin Tree Management LP increased its stake in Invesco S&P 500 Equal Weight ETF by 236.5% in the 4th quarter. Twin Tree Management LP now owns 24,894 shares of the company’s stock worth $4,362,000 after acquiring an additional 17,497 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Invesco S&P 500 Equal Weight ETF by 16.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 13,027 shares of the company’s stock worth $2,283,000 after acquiring an additional 1,879 shares during the last quarter. Basso Capital Management L.P. increased its stake in Invesco S&P 500 Equal Weight ETF by 32.0% in the 4th quarter. Basso Capital Management L.P. now owns 66,689 shares of the company’s stock worth $11,686,000 after acquiring an additional 16,172 shares during the last quarter. Finally, SlateStone Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 22.1% in the 4th quarter. SlateStone Wealth LLC now owns 11,617 shares of the company’s stock worth $2,036,000 after acquiring an additional 2,100 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.9 %

Shares of NYSEARCA RSP opened at $172.66 on Monday. The firm has a market capitalization of $71.93 billion, a P/E ratio of 20.93 and a beta of 1.07. The stock’s 50-day simple moving average is $178.73 and its two-hundred day simple moving average is $179.11. Invesco S&P 500 Equal Weight ETF has a twelve month low of $158.83 and a twelve month high of $188.16.

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).