Paragon Advisors LLC Takes $214,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Paragon Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 1st quarter, Holdings Channel.com reports. The firm bought 1,236 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also made changes to their positions in RSP. Keene & Associates Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 0.6% during the 4th quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock valued at $1,735,000 after acquiring an additional 56 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 2,857 shares of the company’s stock worth $501,000 after buying an additional 56 shares in the last quarter. Ingalls & Snyder LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 4th quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock worth $635,000 after buying an additional 58 shares in the last quarter. D L Carlson Investment Group Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the 4th quarter. D L Carlson Investment Group Inc. now owns 4,771 shares of the company’s stock worth $836,000 after buying an additional 63 shares in the last quarter. Finally, Ironsides Asset Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 4th quarter. Ironsides Asset Advisors LLC now owns 18,242 shares of the company’s stock worth $3,197,000 after buying an additional 64 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0%

Shares of RSP stock opened at $178.72 on Tuesday. The company has a market cap of $72.24 billion, a price-to-earnings ratio of 20.59 and a beta of 0.99. The stock has a 50 day simple moving average of $170.01 and a 200-day simple moving average of $175.78. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $188.16.

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).