Graham Capital Wealth Management LLC Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Graham Capital Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,090 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $32,000. IMA Advisory Services Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000. Cloud Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $35,000. Finally, GoalVest Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $203.57 on Thursday. The stock has a market capitalization of $84.42 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The company’s 50-day simple moving average is $197.23 and its 200-day simple moving average is $191.35.

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.