Castlekeep Investment Advisors LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Castlekeep Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 50,291 shares of the company’s stock, valued at approximately $8,812,000. Invesco S&P 500 Equal Weight ETF comprises about 1.4% of Castlekeep Investment Advisors LLC’s holdings, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. SJS Investment Consulting Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares during the period. FPC Investment Advisory Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $28,000. Van ECK Associates Corp increased its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares during the period. Cambridge Financial Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $28,000. Finally, Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $174.33 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $188.16. The firm has a market capitalization of $71.44 billion, a price-to-earnings ratio of 20.59 and a beta of 1.00. The stock has a 50 day moving average price of $169.42 and a 200 day moving average price of $176.34.

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).