CMG Global Holdings LLC Raises Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

CMG Global Holdings LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 64.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,163 shares of the company’s stock after acquiring an additional 6,700 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.7% of CMG Global Holdings LLC’s investment portfolio, making the stock its 17th largest holding. CMG Global Holdings LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,115,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sandy Cove Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $222,000. Riversedge Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 6.7% in the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after acquiring an additional 7,883 shares in the last quarter. Blue Trust Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after acquiring an additional 173 shares during the last quarter. Montis Financial LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 61.3% during the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after acquiring an additional 21,202 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock worth $23,455,000 after purchasing an additional 2,206 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $182.74 on Friday. The stock has a 50-day simple moving average of $180.39 and a 200 day simple moving average of $176.97. Invesco S&P 500 Equal Weight ETF has a one year low of $155.79 and a one year high of $188.16. The company has a market capitalization of $61.21 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

Invesco S&P 500 Equal Weight ETF Profile

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).