Kraft Davis & Associates LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kraft Davis & Associates LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 46.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,741 shares of the company’s stock after purchasing an additional 4,056 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $26,000. Salem Investment Counselors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $28,000. Core Wealth Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $38,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $44,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP traded up $0.59 during trading hours on Friday, hitting $159.80. The company’s stock had a trading volume of 8,816,101 shares, compared to its average volume of 6,686,133. The stock has a market cap of $54.26 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The business has a 50-day simple moving average of $163.83 and a 200-day simple moving average of $154.25.

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).