Robertson Stephens Wealth Management LLC Acquires 2,970 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Robertson Stephens Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,253 shares of the company’s stock after purchasing an additional 2,970 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.8% of Robertson Stephens Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Robertson Stephens Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $33,000. Finally, Cloud Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $35,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $202.82 on Friday. The company has a market capitalization of $87.50 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm’s fifty day moving average price is $197.91 and its two-hundred day moving average price is $194.98. Invesco S&P 500 Equal Weight ETF has a 1 year low of $169.48 and a 1 year high of $205.24.

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.