5,634 Shares in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Purchased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, HoldingsChannel.com reports. The firm acquired 5,634 shares of the company’s stock, valued at approximately $920,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Brighton Jones LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $83,931,000. Bank of New York Mellon Corp boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,560,883 shares of the company’s stock worth $273,513,000 after purchasing an additional 7,532 shares during the period. Simmons Bank boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 49.0% during the 4th quarter. Simmons Bank now owns 25,594 shares of the company’s stock worth $4,485,000 after purchasing an additional 8,413 shares during the period. Finally, NewEdge Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 27.7% during the 4th quarter. NewEdge Wealth LLC now owns 63,947 shares of the company’s stock valued at $11,205,000 after purchasing an additional 13,872 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $180.23 on Friday. The firm has a market capitalization of $71.41 billion, a P/E ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16. The company’s 50-day moving average is $174.67 and its 200 day moving average is $175.22.

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).