Retirement Planning Co of New England Inc. Grows Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Retirement Planning Co of New England Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,290 shares of the company’s stock after buying an additional 439 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $577,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Beta Wealth Group Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 6.4% during the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after purchasing an additional 150 shares during the period. Tidemark LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 31.4% during the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after purchasing an additional 103 shares during the period. Ceera Investments LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $267,000. Sandy Cove Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $222,000. Finally, Permanent Capital Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $25,956,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $174.99 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16. The company has a market cap of $72.90 billion, a PE ratio of 20.93 and a beta of 1.07. The stock’s 50-day moving average is $178.71 and its 200 day moving average is $179.11.

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).