Signal Advisors Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 16.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,135 shares of the company’s stock after acquiring an additional 12,991 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.2% of Signal Advisors Wealth LLC’s investment portfolio, making the stock its 13th biggest position. Signal Advisors Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,491,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Brookstone Capital Management increased its holdings in Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares in the last quarter. Banta Asset Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $1,654,000. Empirical Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 417.0% during the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after purchasing an additional 9,311 shares in the last quarter. Allen Investment Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $777,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Down 0.2%
RSP stock opened at $209.61 on Tuesday. The stock has a market capitalization of $90.43 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm has a 50-day simple moving average of $205.28 and a 200-day simple moving average of $199.68. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $214.30.
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). 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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