Tripletail Wealth Management LLC Buys New Shares in Invesco S&P 500 Equal Weight ETF $RSP

Tripletail Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 9,357 shares of the company’s stock, valued at approximately $1,710,000. Invesco S&P 500 Equal Weight ETF comprises 2.6% of Tripletail Wealth Management LLC’s portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $25,000. Uniplan Investment Counsel Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $26,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Howe & Rusling Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.6%

NYSEARCA:RSP opened at $190.85 on Tuesday. The company has a market cap of $73.82 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s 50 day moving average is $188.84 and its two-hundred day moving average is $185.62. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.81.

Invesco S&P 500 Equal Weight ETF Company 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).