Segment Wealth Management LLC Makes New $1.10 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

Segment Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, HoldingsChannel reports. The fund bought 5,298 shares of the company’s stock, valued at approximately $1,102,000.

Several other hedge funds also recently bought and sold shares of the stock. Rainey & Randall Wealth Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the third quarter. Rainey & Randall Wealth Advisors Inc. now owns 266,045 shares of the company’s stock valued at $55,343,000 after acquiring an additional 4,061 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 251.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 71,585 shares of the company’s stock worth $14,891,000 after purchasing an additional 51,216 shares in the last quarter. National Wealth Management Group LLC increased its position in Invesco S&P 500 Equal Weight ETF by 8.7% during the 3rd quarter. National Wealth Management Group LLC now owns 4,392 shares of the company’s stock worth $914,000 after purchasing an additional 353 shares in the last quarter. FSA Wealth Partners Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 9.8% during the 3rd quarter. FSA Wealth Partners Inc. now owns 97,460 shares of the company’s stock worth $20,274,000 after purchasing an additional 8,737 shares in the last quarter. Finally, Leslie Global Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $243,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1%

Shares of RSP stock opened at $217.52 on Wednesday. The firm has a 50-day moving average price of $215.18 and a 200 day moving average price of $207.43. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The company has a market capitalization of $99.79 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.