Rothschild Wealth LLC Invests $2.80 Million in Invesco S&P 500 Equal Weight ETF $RSP

Rothschild Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,596 shares of the company’s stock, valued at approximately $2,796,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after buying an additional 959,176 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,579,650 shares of the company’s stock valued at $685,718,000 after purchasing an additional 9,309 shares during the period. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $327,184,000. HighTower Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 1,409,611 shares of the company’s stock valued at $270,025,000 after purchasing an additional 55,250 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Invesco S&P 500 Equal Weight ETF by 13.2% in the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after purchasing an additional 150,899 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $208.83 on Monday. The firm has a market cap of $90.09 billion, a PE ratio of 20.10 and a beta of 0.92. The stock has a fifty day moving average price of $199.81 and a 200 day moving average price of $197.22. Invesco S&P 500 Equal Weight ETF has a 12-month low of $174.27 and a 12-month high of $209.32.

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.