Invesco S&P 500 Equal Weight ETF $RSP Shares Newly Bought by Consolidated Investment Group LLC

Consolidated Investment Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, Holdings Channel.com reports. The fund purchased 414,175 shares of the company’s stock, valued at approximately $86,157,000. Invesco S&P 500 Equal Weight ETF comprises about 7.6% of Consolidated Investment Group LLC’s portfolio, making the stock its 3rd largest position.

Other hedge funds have also recently modified their holdings of the company. Highland Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $26,000. Brandywine Financial Group increased its stake in Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Valley National Advisers Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $31,000. Rogco LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $34,000. Finally, Asset Dedication LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $36,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 2.3%

NYSEARCA:RSP opened at $220.95 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $224.20. The firm has a fifty day simple moving average of $214.79 and a 200-day simple moving average of $208.37. The company has a market capitalization of $103.04 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.