Seamount Financial Group Inc. Invests $843,000 in Invesco S&P 500 Equal Weight ETF $RSP

Seamount Financial Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,392 shares of the company’s stock, valued at approximately $843,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $26,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $29,000. Hurley Capital LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $35,000. Finally, Basepoint Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7%

NYSEARCA:RSP opened at $214.91 on Friday. The company has a market capitalization of $93.84 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $215.61. The stock has a fifty day simple moving average of $207.09 and a 200-day simple moving average of $200.79.

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.