14,329 Shares in Invesco S&P 500 Equal Weight ETF $RSP Acquired by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,329 shares of the company’s stock, valued at approximately $2,750,000. Invesco S&P 500 Equal Weight ETF makes up approximately 1.4% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its 16th largest holding.

Several other large investors also recently added to or reduced their stakes in RSP. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after buying an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 4.2% in the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after acquiring an additional 52 shares in the last quarter. Merkkuri Wealth Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after acquiring an additional 54 shares during the period. Finally, Jessup Wealth Management Inc boosted its position in Invesco S&P 500 Equal Weight ETF by 1.8% during the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after acquiring an additional 55 shares during the period. 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 $212.42 on Tuesday. The stock has a market cap of $95.53 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $216.37. The stock’s 50-day moving average is $209.75 and its two-hundred day moving average is $202.54.

Invesco S&P 500 Equal Weight ETF 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.