Ritholtz Wealth Management Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

Ritholtz Wealth Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,061 shares of the company’s stock after purchasing an additional 2,491 shares during the quarter. Ritholtz Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. NBZ Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $26,000. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Finally, Hurley Capital LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $210.31 on Friday. The company’s 50 day simple moving average is $206.21 and its 200 day simple moving average is $200.15. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $214.30. The stock has a market capitalization of $90.73 billion, a PE ratio of 20.10 and a beta of 0.91.

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.