Investment Research Partners LLC Has $3.23 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Investment Research Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,848 shares of the company’s stock after buying an additional 3,069 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.4% of Investment Research Partners LLC’s holdings, making the stock its 15th largest position. Investment Research Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brookstone Capital Management boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after buying an additional 6,481 shares during the last quarter. Banta Asset Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,654,000. Allen Investment Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after purchasing an additional 35,220 shares during the last quarter. Empirical Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 417.0% in the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after purchasing an additional 9,311 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $4,966,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.6%

RSP stock opened at $209.75 on Friday. The stock’s fifty day simple moving average is $203.02 and its two-hundred day simple moving average is $198.65. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $210.95. The stock has a market cap of $90.49 billion, a P/E ratio of 20.10 and a beta of 0.91.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.