Birmingham Capital Management Co. Inc. AL Acquires Shares of 3,000 Invesco S&P 500 Equal Weight ETF $RSP

Birmingham Capital Management Co. Inc. AL acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $638,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Brandywine Financial Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Hurley Capital LLC lifted its holdings in shares of 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 buying an additional 118 shares during the period. Asset Dedication LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $36,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2%

Invesco S&P 500 Equal Weight ETF stock opened at $222.11 on Thursday. The firm has a market cap of $100.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The business’s 50-day moving average price is $215.89 and its 200 day moving average price is $206.57.

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). 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.