Forty three Eighteen Advisors LLC Takes $477,000 Position in Invesco S&P 500 Equal Weight ETF $RSP

Forty three Eighteen Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,490 shares of the company’s stock, valued at approximately $477,000.

Several other large investors have also made changes to their positions in the company. Brookstone Capital Management boosted its stake 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 valued at $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Banta Asset Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $1,654,000. Empirical Asset Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 417.0% in the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after buying an additional 9,311 shares during the last quarter. Allen Investment Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after buying an additional 35,220 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $777,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $209.96 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $214.30. The company has a market cap of $90.58 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s 50 day simple moving average is $205.05 and its 200 day simple moving average is $199.48.

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.