Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 55.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,644 shares of the company’s stock after buying an additional 14,503 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 3.4% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 7th biggest position. BlueChip Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,800,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $42,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

Shares of RSP stock opened at $213.45 on Wednesday. The stock has a 50 day simple moving average of $209.00 and a 200-day simple moving average of $201.98. The company has a market cap of $95.86 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37.

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.