Forum Financial Management LP Grows Stake in Invesco S&P 500 Equal Weight ETF $RSP

Forum Financial Management LP boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,545 shares of the company’s stock after purchasing an additional 76 shares during the period. Forum Financial Management LP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,008,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RSP. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $25,000. Uniplan Investment Counsel Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $26,000. Richardson Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $30,000. Howe & Rusling Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 124 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $37,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $190.74 on Friday. The business’s fifty day moving average price is $188.55 and its two-hundred day moving average price is $180.86. The stock has a market cap of $73.49 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30.

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).