Western Wealth Management LLC Buys 2,600 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Western Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,188 shares of the company’s stock after purchasing an additional 2,600 shares during the period. Western Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,339,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $26,000. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $29,000. Hurley Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $40,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $42,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

Invesco S&P 500 Equal Weight ETF stock opened at $215.01 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $218.11. The firm’s fifty day moving average is $211.72 and its 200 day moving average is $203.74. The company has a market cap of $97.26 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

Invesco S&P 500 Equal Weight ETF 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.