Prism Advisors Inc. Grows Stake in Invesco S&P 500 Equal Weight ETF $RSP

Prism Advisors Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,696 shares of the company’s stock after purchasing an additional 6,603 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 2.7% of Prism Advisors Inc.’s portfolio, making the stock its 14th biggest holding. Prism Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Transcend Capital Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 34.4% during the 4th quarter. Transcend Capital Advisors LLC now owns 18,634 shares of the company’s stock valued at $3,569,000 after purchasing an additional 4,770 shares in the last quarter. Hudson Oak Wealth Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $1,529,000. Tectonic Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $217,000. Westside Investment Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 25.2% in the fourth quarter. Westside Investment Management Inc. now owns 3,853 shares of the company’s stock worth $738,000 after acquiring an additional 776 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in Invesco S&P 500 Equal Weight ETF by 5.4% in the fourth quarter. HBW Advisory Services LLC now owns 5,239 shares of the company’s stock worth $1,004,000 after acquiring an additional 270 shares in 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 Stock Performance

Shares of NYSEARCA:RSP opened at $198.83 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $157.71 and a 52-week high of $205.24. The firm has a fifty day moving average of $197.94 and a 200 day moving average of $193.95. The firm has a market capitalization of $87.39 billion, a PE ratio of 20.10 and a beta of 0.94.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.