Paces Ferry Wealth Advisors LLC Purchases 2,351 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Paces Ferry Wealth Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.8% in the first quarter, Holdings Channel reports. The fund owned 32,304 shares of the company’s stock after buying an additional 2,351 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 2.6% of Paces Ferry Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Paces Ferry Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $26,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Hurley Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Basepoint Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $40,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $213.37 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The stock has a market cap of $95.81 billion, a PE ratio of 20.10 and a beta of 0.91. The stock’s fifty day moving average is $209.58 and its two-hundred day moving average is $202.35.

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.