SMART Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 33.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,864 shares of the company’s stock after buying an additional 6,462 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.5% of SMART Wealth LLC’s investment portfolio, making the stock its 15th biggest holding. SMART Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,964,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $26,000. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Finally, Hurley Capital LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA RSP opened at $212.77 on Wednesday. The firm’s fifty day moving average is $206.65 and its two-hundred day moving average is $200.51. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $214.30. The firm has a market cap of $91.79 billion, a PE ratio of 20.10 and a beta of 0.91.
Invesco S&P 500 Equal Weight ETF Company 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.
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