7,288 Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Howland Capital Management LLC

Howland Capital Management LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.5% during the 3rd quarter, Holdings Channel reports. The firm owned 84,353 shares of the company’s stock after acquiring an additional 7,288 shares during the quarter. Howland Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,547,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brookstone Capital Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.9% during the 3rd quarter. Brookstone Capital Management now owns 305,388 shares of the company’s stock worth $63,527,000 after buying an additional 34,901 shares during the last quarter. NBT Bank N.A. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $367,000. Precedent Wealth Partners LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 44.9% in the 3rd quarter. Precedent Wealth Partners LLC now owns 45,157 shares of the company’s stock worth $9,394,000 after buying an additional 13,986 shares in the last quarter. Investment House LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $2,735,000. Finally, Cadinha & Co. LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $8,076,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

NYSEARCA:RSP opened at $218.22 on Friday. The firm has a 50-day moving average price of $215.40 and a two-hundred day moving average price of $211.19. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The company has a market capitalization of $100.30 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.