Independent Advisor Alliance bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 63,724 shares of the company’s stock, valued at approximately $11,166,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. SJS Investment Consulting Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after purchasing an additional 88 shares in the last quarter. Van ECK Associates Corp raised 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 valued at $27,000 after acquiring an additional 78 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 valued at approximately $28,000. Truvestments Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $29,000. Finally, Hemington Wealth Management lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 84.0% in the 4th quarter. Hemington Wealth Management now owns 184 shares of the company’s stock valued at $32,000 after acquiring an additional 84 shares in the last quarter.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA:RSP opened at $174.20 on Tuesday. The company has a market cap of $72.41 billion, a PE ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16. The firm has a 50 day simple moving average of $179.06 and a 200 day simple moving average of $179.19.
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).
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