Turtle Creek Wealth Advisors LLC Has $739,000 Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Turtle Creek Wealth Advisors LLC decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 77.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,851 shares of the company’s stock after selling 13,452 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Brighton Jones LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $279,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $214.91 on Friday. The firm has a fifty day moving average of $207.33 and a 200-day moving average of $200.89. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $215.61. The company has a market capitalization of $93.84 billion, a price-to-earnings 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.