Evercore Wealth Management LLC Purchases 7,015 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Evercore Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,520 shares of the company’s stock after purchasing an additional 7,015 shares during the period. Evercore Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Brookstone Capital Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after buying an additional 6,481 shares during the period. Banta Asset Management LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $1,654,000. Allen Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after buying an additional 35,220 shares during the period. Vise Technologies Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after buying an additional 2,983 shares during the period. Finally, Refined Wealth Management acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $606,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

RSP stock opened at $215.18 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The firm has a market cap of $96.61 billion, a PE ratio of 20.10 and a beta of 0.91. The business’s 50-day moving average price is $210.77 and its two-hundred day moving average price is $203.24.

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.