Trueblood Wealth Management LLC Has $3.11 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Trueblood Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,961 shares of the company’s stock after buying an additional 3,264 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.4% of Trueblood Wealth Management LLC’s holdings, making the stock its 5th biggest position. Trueblood Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp lifted its position in 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 valued at $27,000 after purchasing an additional 78 shares during the period. FPC Investment Advisory Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $28,000. Cambridge Financial Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $28,000. Joseph Group Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Finally, Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $29,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $179.61 on Wednesday. The firm has a market capitalization of $72.60 billion, a P/E ratio of 20.59 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The business has a fifty day moving average of $170.28 and a 200 day moving average of $175.81.

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).