PAX Financial Group LLC Takes $1.25 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

PAX Financial Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,523 shares of the company’s stock, valued at approximately $1,252,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its position in 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 acquiring an additional 6,481 shares during the last quarter. Banta Asset Management LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $1,654,000. Allen Investment Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $777,000. Finally, Vise Technologies Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $214.91 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $215.61. The firm’s fifty day moving average is $207.33 and its 200 day moving average is $200.89. The firm has a market cap of $93.84 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.