Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Tandem Wealth Advisors LLC

Tandem Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,830 shares of the company’s stock after buying an additional 5,299 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 6.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 8th largest position. Tandem Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSP. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $29,000. Hurley Capital LLC boosted its position 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 worth $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $42,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $213.37 on Friday. The firm has a market cap of $95.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company has a 50 day moving average price of $209.58 and a 200-day moving average price of $202.35. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37.

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.