Maple Capital Management Inc. Makes New $719,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Maple Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,151 shares of the company’s stock, valued at approximately $719,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $26,000. Richardson Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $30,000. OLD Second National Bank of Aurora bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $31,000. Mattson Financial Services LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $35,000. Finally, Olde Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $37,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $190.33 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $190.54. The business’s fifty day moving average is $185.88 and its 200-day moving average is $177.65. The firm has a market cap of $75.45 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).