Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Fortis Group Advisors LLC

Fortis Group Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,575 shares of the company’s stock after buying an additional 4,248 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 1.5% of Fortis Group Advisors LLC’s portfolio, making the stock its 13th biggest holding. Fortis Group Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Brookstone Capital Management lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Argent Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after purchasing an additional 3,135 shares in the last quarter. Roman Butler Fullerton & Co. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after buying an additional 4,358 shares during the period. Caprock Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $4,966,000. Finally, Empirical Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 417.0% during the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after buying an additional 9,311 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $203.83 on Thursday. The company’s 50 day moving average price is $198.11 and its 200 day moving average price is $196.24. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $173.00 and a fifty-two week high of $205.53. The firm has a market capitalization of $87.93 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.