Freedom Day Solutions LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Freedom Day Solutions LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 32,760 shares of the company’s stock, valued at approximately $6,815,000. Invesco S&P 500 Equal Weight ETF comprises approximately 1.5% of Freedom Day Solutions LLC’s portfolio, making the stock its 12th largest holding.

Other large investors also recently bought and sold shares of the company. Venture Visionary Partners LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after acquiring an additional 5,887 shares during the last quarter. Rhodes Investment Advisors Inc. ADV acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $794,000. NewEdge Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 16.9% in the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after purchasing an additional 76,324 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $2,939,000. Finally, Corient Private Wealth LP raised its position in Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock valued at $84,412,000 after purchasing an additional 58,956 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $213.40 on Tuesday. The stock has a market cap of $98.62 billion, a P/E ratio of 20.10 and a beta of 0.92. The firm has a fifty day moving average price of $215.68 and a 200 day moving average price of $210.69. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43.

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.