Abound Financial LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Abound Financial LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,457 shares of the company’s stock, valued at approximately $1,657,000. Invesco S&P 500 Equal Weight ETF comprises about 0.8% of Abound Financial LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Alpha Financial Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 42.3% during the 3rd quarter. Alpha Financial Partners LLC now owns 5,049 shares of the company’s stock worth $905,000 after purchasing an additional 1,502 shares during the period. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after purchasing an additional 173 shares during the period. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. Pettinga Financial Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $529,000. Finally, Trueblood Wealth Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 37.9% during the 3rd quarter. Trueblood Wealth Management LLC now owns 10,003 shares of the company’s stock worth $1,792,000 after purchasing an additional 2,750 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $179.82 on Friday. The stock has a market capitalization of $60.23 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16. The business’s fifty day moving average is $178.93 and its 200-day moving average is $178.44.

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).