Lavelle Capital LP Buys Shares of 3,911 Invesco S&P 500 Equal Weight ETF $RSP

Lavelle Capital LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,911 shares of the company’s stock, valued at approximately $751,000.

A number of other large investors have also recently bought and sold shares of RSP. Cary Street Partners Investment Advisory LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 5.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after acquiring an additional 51 shares during the period. Ballast Rock Private Wealth LLC boosted 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 valued at $1,305,000 after buying an additional 51 shares in the last quarter. Pacific Point Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares during the last quarter. Merkkuri Wealth Advisors LLC grew 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 last quarter. Finally, Jessup Wealth Management Inc increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after buying an additional 55 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $215.01 on Friday. The firm has a market capitalization of $97.26 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s fifty day moving average price is $211.72 and its two-hundred day moving average price is $203.74. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $218.11.

About Invesco S&P 500 Equal Weight ETF

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.