Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1,019.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 60,267 shares of the company’s stock after acquiring an additional 54,885 shares during the quarter. Diversify Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 5.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after acquiring an additional 51 shares during the period. Ballast Rock Private Wealth LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after acquiring an additional 51 shares during the period. Pacific Point Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares during the period. Merkkuri Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after purchasing an additional 54 shares in the last quarter. Finally, Jessup Wealth Management Inc increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after purchasing an additional 55 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded up $0.80 during trading hours on Friday, reaching $214.30. The company’s stock had a trading volume of 5,539,473 shares, compared to its average volume of 14,463,745. The firm has a market capitalization of $96.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The company’s 50-day moving average is $208.58 and its two-hundred day moving average is $201.64.

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.