Ridgepath Capital Management LLC Invests $1.08 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Ridgepath Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,167 shares of the company’s stock, valued at approximately $1,081,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.5% of Ridgepath Capital Management LLC’s portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Donald L. Hagan LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 68.2% during the 4th quarter. Donald L. Hagan LLC now owns 6,839 shares of the company’s stock worth $1,198,000 after purchasing an additional 2,774 shares in the last quarter. Cibc World Market Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 34.7% during the 4th quarter. Cibc World Market Inc. now owns 218,966 shares of the company’s stock worth $38,369,000 after buying an additional 56,436 shares during the period. Crews Bank & Trust bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $13,248,000. OLD National Bancorp IN grew its stake in Invesco S&P 500 Equal Weight ETF by 5.1% in the fourth quarter. OLD National Bancorp IN now owns 9,414 shares of the company’s stock valued at $1,650,000 after acquiring an additional 459 shares during the period. Finally, Baring Financial LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $3,389,000.

Invesco S&P 500 Equal Weight ETF Stock Up 1.1 %

Shares of RSP opened at $182.74 on Friday. The business’s fifty day moving average is $180.39 and its 200 day moving average is $176.97. Invesco S&P 500 Equal Weight ETF has a 12-month low of $155.79 and a 12-month high of $188.16. The stock has a market cap of $61.21 billion, a P/E ratio of 20.44 and a beta of 0.90.

Invesco S&P 500 Equal Weight ETF Company 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).