Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 1,793 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,541 shares of the company’s stock after acquiring an additional 1,793 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 19th biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $5,934,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares during the period. FPC Investment Advisory Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $28,000. Cambridge Financial Group Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $28,000. Joseph Group Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in 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 fourth quarter worth about $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $177.36 on Thursday. The company has a market capitalization of $71.69 billion, a P/E ratio of 20.59 and a beta of 0.99. The stock has a 50 day moving average price of $172.69 and a two-hundred day moving average price of $175.51. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16.

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).