Foundations Investment Advisors LLC Has $6.20 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Foundations Investment Advisors LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,346 shares of the company’s stock after selling 3,513 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,196,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Baker Avenue Asset Management LP lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.3% during the 4th quarter. Baker Avenue Asset Management LP now owns 114,866 shares of the company’s stock valued at $22,004,000 after purchasing an additional 2,528 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $130,000. Thoroughbred Financial Services LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 8.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 32,573 shares of the company’s stock valued at $6,239,000 after purchasing an additional 2,581 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $42,000. Finally, Swmg LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $352,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $208.25 on Friday. The business has a fifty day simple moving average of $199.50 and a two-hundred day simple moving average of $197.08. Invesco S&P 500 Equal Weight ETF has a 1 year low of $174.27 and a 1 year high of $208.89. The company has a market capitalization of $89.84 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.