Freedom Day Solutions LLC Has $3.95 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Freedom Day Solutions LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,828 shares of the company’s stock after purchasing an additional 3,554 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.1% of Freedom Day Solutions LLC’s holdings, making the stock its 21st biggest holding. Freedom Day Solutions LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,951,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RSP. Realta Investment Advisors increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.5% during the second quarter. Realta Investment Advisors now owns 410 shares of the company’s stock worth $75,000 after buying an additional 55 shares in the last quarter. Fusion Capital LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the 2nd quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock worth $466,000 after acquiring an additional 56 shares in the last quarter. Burns J W & Co. Inc. NY grew its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after acquiring an additional 57 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock worth $1,000,000 after acquiring an additional 64 shares during the last quarter. Finally, Ehrlich Financial Group increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.4% during the 2nd quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $197.60 on Friday. The company has a market cap of $77.97 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock has a fifty day moving average price of $190.82 and a two-hundred day moving average price of $188.25. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $198.07.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.