Marble Wealth LLC Invests $7.45 Million in Invesco S&P 500 Equal Weight ETF $RSP

Marble Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,893 shares of the company’s stock, valued at approximately $7,450,000. Invesco S&P 500 Equal Weight ETF makes up approximately 1.0% of Marble Wealth LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSP. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $33,000. Finally, Goodman Advisory Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $35,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

Shares of RSP stock opened at $210.04 on Wednesday. The company’s fifty day simple moving average is $200.12 and its two-hundred day simple moving average is $197.36. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.93 and a 52 week high of $210.12. The stock has a market cap of $90.61 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.