Ridgepath Capital Management LLC Acquires New Stake in Invesco S&P 500 Equal Weight ETF $RSP

Ridgepath Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, Holdings Channel reports. The fund bought 2,679 shares of the company’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Family Wealth Counselors L.L.C. boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.8% during the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,756 shares of the company’s stock worth $11,182,000 after purchasing an additional 405 shares during the last quarter. One Way Holdings LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.9% during the third quarter. One Way Holdings LLC now owns 1,523 shares of the company’s stock worth $317,000 after buying an additional 71 shares in the last quarter. Traynor Capital Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 24.6% in the third quarter. Traynor Capital Management Inc. now owns 2,104 shares of the company’s stock valued at $438,000 after buying an additional 416 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 6.6% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 76,713 shares of the company’s stock valued at $15,958,000 after buying an additional 4,717 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $15,204,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $218.31 on Monday. The company’s 50-day moving average price is $215.05 and its 200-day moving average price is $207.75. The company has a market cap of $100.24 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43.

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.