Redmont Wealth Advisors LLC Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Redmont Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,755 shares of the company’s stock after acquiring an additional 1,403 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 13.9% of Redmont Wealth Advisors LLC’s holdings, making the stock its largest position. Redmont Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,018,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ironwood Wealth Management LLC. grew its stake in Invesco S&P 500 Equal Weight ETF by 10.5% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock valued at $3,989,000 after buying an additional 2,317 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $1,298,000. XTX Topco Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $296,000. Thrivent Financial for Lutherans grew its position in shares of Invesco S&P 500 Equal Weight ETF by 24.8% in the second quarter. Thrivent Financial for Lutherans now owns 16,307 shares of the company’s stock valued at $2,679,000 after purchasing an additional 3,237 shares during the last quarter. Finally, Sfmg LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.0% in the second quarter. Sfmg LLC now owns 2,937 shares of the company’s stock worth $482,000 after purchasing an additional 361 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $181.49 on Thursday. The stock has a 50-day simple moving average of $180.41 and a 200 day simple moving average of $176.37. Invesco S&P 500 Equal Weight ETF has a twelve month low of $155.79 and a twelve month high of $188.16. The stock has a market capitalization of $60.79 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).