32,760 Shares in Invesco S&P 500 Equal Weight ETF $RSP Bought by Freedom Day Solutions LLC

Freedom Day Solutions LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, Holdings Channel reports. The fund acquired 32,760 shares of the company’s stock, valued at approximately $6,815,000. Invesco S&P 500 Equal Weight ETF comprises 1.5% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cordatus Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 64.4% in the third quarter. Cordatus Wealth Management LLC now owns 1,850 shares of the company’s stock valued at $385,000 after purchasing an additional 725 shares during the period. Investment Research Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.3% during the third quarter. Investment Research Partners LLC now owns 20,045 shares of the company’s stock worth $4,170,000 after purchasing an additional 832 shares during the last quarter. New England Private Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.3% during the third quarter. New England Private Wealth Advisors LLC now owns 49,681 shares of the company’s stock worth $10,335,000 after purchasing an additional 152 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $3,831,000. Finally, Secure Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21.7% during the third quarter. Secure Asset Management LLC now owns 1,888 shares of the company’s stock worth $393,000 after purchasing an additional 337 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $213.40 on Tuesday. The firm’s fifty day moving average price is $215.68 and its 200 day moving average price is $210.69. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The firm has a market cap of $98.62 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

Invesco S&P 500 Equal Weight ETF 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.