Bay Capital Advisors LLC Invests $1.10 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bay Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 6,262 shares of the company’s stock, valued at approximately $1,097,000. Invesco S&P 500 Equal Weight ETF comprises 0.9% of Bay Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PKS Advisory Services LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $2,840,000. Signature Estate & Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 72.5% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 4,310 shares of the company’s stock valued at $755,000 after purchasing an additional 1,812 shares in the last quarter. FineMark National Bank & Trust boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.3% during the fourth quarter. FineMark National Bank & Trust now owns 24,756 shares of the company’s stock worth $4,338,000 after buying an additional 75 shares in the last quarter. TD Asset Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 48.2% during the fourth quarter. TD Asset Management Inc. now owns 1,151,369 shares of the company’s stock worth $201,754,000 after buying an additional 374,593 shares during the period. Finally, Modern Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 7.8% in the fourth quarter. Modern Wealth Management LLC now owns 32,831 shares of the company’s stock valued at $5,934,000 after buying an additional 2,382 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $175.69 on Tuesday. The business has a 50 day moving average price of $178.68 and a 200 day moving average price of $179.13. The company has a market capitalization of $73.19 billion, a P/E ratio of 20.93 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.8308 per share. The ex-dividend date is Monday, March 24th.

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).