Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Instrumental Wealth LLC

Instrumental Wealth LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,528 shares of the company’s stock after purchasing an additional 9,851 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 6.2% of Instrumental Wealth LLC’s holdings, making the stock its 7th largest holding. Instrumental Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RSP. TD Capital Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 23.2% in the 4th quarter. TD Capital Management LLC now owns 2,517 shares of the company’s stock valued at $482,000 after acquiring an additional 474 shares in the last quarter. Tempo Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $420,000. MidFirst Bank purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $105,000. Clear Retirement Advice LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $302,000. Finally, Kera Capital Partners Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the fourth quarter. Kera Capital Partners Inc. now owns 153,782 shares of the company’s stock valued at $30,461,000 after purchasing an additional 4,704 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $209.96 on Friday. The company has a market cap of $90.58 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $175.98 and a fifty-two week high of $214.30. The firm’s 50 day moving average price is $205.05 and its 200 day moving average price is $199.48.

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.