Ironwood Wealth Management LLC. Boosts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Ironwood Wealth Management LLC. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 48,561 shares of the company’s stock after acquiring an additional 2,546 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 2.7% of Ironwood Wealth Management LLC.’s portfolio, making the stock its 15th largest position. Ironwood Wealth Management LLC.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,320,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares during the period. Ballast Rock Private Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after buying an additional 51 shares during the last quarter. Pacific Point Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.2% in the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after buying an additional 52 shares during the period. Strategies Wealth Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.5% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after buying an additional 55 shares during the period. Finally, Battery Global Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after buying an additional 55 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $209.96 on Monday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $214.30. The firm has a 50 day moving average of $205.05 and a two-hundred day moving average of $199.54. The firm has a market capitalization of $90.58 billion, a PE ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.