Riversedge Advisors LLC Grows Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Riversedge Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,513 shares of the company’s stock after acquiring an additional 1,087 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 5.0% of Riversedge Advisors LLC’s holdings, making the stock its 7th largest position. Riversedge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $22,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSP. Eastern Bank purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. GHP Investment Advisors Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Truvestments Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $29,000. Richardson Financial Services Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $33,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5 %

NYSEARCA:RSP opened at $180.04 on Friday. The business’s 50-day simple moving average is $180.54 and its two-hundred day simple moving average is $176.04. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.16 and a 52 week high of $188.16. The stock has a market cap of $60.30 billion, a PE ratio of 20.44 and a beta of 0.90.

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).