Flagship Wealth Advisors LLC Buys Shares of 557 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Flagship Wealth Advisors 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 SEC. The institutional investor bought 557 shares of the company’s stock, valued at approximately $98,000.

Several other hedge funds have also made changes to their positions in the business. Arrien Investments Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $850,000. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 64.8% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 5,115 shares of the company’s stock worth $896,000 after purchasing an additional 2,012 shares during the last quarter. TCTC Holdings LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $107,000. Parallel Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% during the fourth quarter. Parallel Advisors LLC now owns 71,952 shares of the company’s stock worth $12,608,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Valued Retirements Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $717,000.

Invesco S&P 500 Equal Weight ETF Stock Up 1.3 %

RSP stock opened at $174.99 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The stock’s fifty day simple moving average is $178.71 and its 200-day simple moving average is $179.11. The stock has a market capitalization of $72.90 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07.

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).