Bar Harbor Wealth Management Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bar Harbor Wealth Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,705 shares of the company’s stock after buying an additional 150 shares during the period. Bar Harbor Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RSP. Vigilare Wealth Management raised its position in Invesco S&P 500 Equal Weight ETF by 199.2% in the fourth quarter. Vigilare Wealth Management now owns 6,981 shares of the company’s stock worth $1,223,000 after acquiring an additional 4,648 shares in the last quarter. First National Bank Sioux Falls grew its position in Invesco S&P 500 Equal Weight ETF by 33.7% during the fourth quarter. First National Bank Sioux Falls now owns 21,302 shares of the company’s stock worth $3,733,000 after buying an additional 5,373 shares during the period. Abound Wealth Management increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% in the fourth quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after buying an additional 63 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the 4th quarter. Harbour Capital Advisors LLC now owns 2,616 shares of the company’s stock valued at $461,000 after acquiring an additional 80 shares during the period. Finally, Bridge Creek Capital Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.0% during the 4th quarter. Bridge Creek Capital Management LLC now owns 1,659 shares of the company’s stock worth $291,000 after acquiring an additional 109 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $174.67 on Tuesday. The stock’s 50 day simple moving average is $180.85 and its 200 day simple moving average is $175.71. The stock has a market cap of $58.50 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.10 and a 1-year high of $188.16.

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).