Sanders Morris Harris LLC Boosts Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sanders Morris Harris LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 313.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,720 shares of the company’s stock after acquiring an additional 35,414 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.2% of Sanders Morris Harris LLC’s portfolio, making the stock its 11th largest holding. Sanders Morris Harris LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,187,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 96,808 shares of the company’s stock worth $16,964,000 after buying an additional 2,293 shares in the last quarter. Essex Savings Bank boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7.7% in the fourth quarter. Essex Savings Bank now owns 3,890 shares of the company’s stock valued at $682,000 after purchasing an additional 277 shares during the period. Sagace Wealth Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 53.6% during the 4th quarter. Sagace Wealth Management LLC now owns 36,787 shares of the company’s stock worth $6,446,000 after purchasing an additional 12,843 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 7.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,118 shares of the company’s stock worth $371,000 after purchasing an additional 150 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 0.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 27,327 shares of the company’s stock valued at $4,789,000 after purchasing an additional 237 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $178.05 on Thursday. The business has a 50-day simple moving average of $180.80 and a 200-day simple moving average of $175.79. The company has a market cap of $59.64 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $153.10 and a one 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).