HB Wealth Management LLC Grows Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

HB Wealth Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,519 shares of the company’s stock after acquiring an additional 11,041 shares during the period. HB Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $44,158,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Davidson Capital Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.1% in the 4th quarter. Davidson Capital Management Inc. now owns 164,285 shares of the company’s stock valued at $31,470,000 after acquiring an additional 1,808 shares during the last quarter. Caprock Group LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.7% during the 4th quarter. Caprock Group LLC now owns 28,626 shares of the company’s stock valued at $5,484,000 after buying an additional 2,297 shares during the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 12,881 shares of the company’s stock valued at $2,467,000 after buying an additional 253 shares during the last quarter. Bedel Financial Consulting Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.0% during the 4th quarter. Bedel Financial Consulting Inc. now owns 3,738 shares of the company’s stock valued at $716,000 after buying an additional 459 shares during the last quarter. Finally, Walleye Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $19,009,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $202.46 on Thursday. The stock has a market capitalization of $87.89 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. The company has a fifty day moving average of $198.00 and a two-hundred day moving average of $194.50. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $164.34 and a fifty-two week high of $205.24.

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). 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.