Signal Tree Financial Partners LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Signal Tree Financial Partners LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 32,154 shares of the company’s stock, valued at approximately $5,844,000. Invesco S&P 500 Equal Weight ETF accounts for 5.0% of Signal Tree Financial Partners LLC’s holdings, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSP. Brighton Jones LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th 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 position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $83,931,000. Bison Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $278,000. Finally, Mattson Financial Services LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $35,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2%

RSP stock opened at $188.27 on Thursday. The stock has a 50-day moving average price of $186.69 and a 200-day moving average price of $178.32. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $190.54. The firm has a market cap of $74.63 billion, a PE ratio of 20.10 and a beta of 1.05.

About Invesco S&P 500 Equal Weight ETF

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).