Ironwood Wealth Management LLC. Purchases 3,514 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Ironwood Wealth Management LLC. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,015 shares of the company’s stock after purchasing an additional 3,514 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 2.7% of Ironwood Wealth Management LLC.’s portfolio, making the stock its 15th largest position. Ironwood Wealth Management LLC.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $28,000. Tompkins Financial Corp purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $35,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $191.92 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The firm’s 50 day moving average price is $198.58 and its 200-day moving average price is $193.51. The stock has a market cap of $79.59 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.