Westwood Wealth Management Acquires New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Westwood Wealth Management bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,178 shares of the company’s stock, valued at approximately $609,000.

Other large investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 195.9% in the 4th quarter. Princeton Global Asset Management LLC now owns 432 shares of the company’s stock valued at $83,000 after buying an additional 286 shares in the last quarter. Sovran Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 35.2% during the 4th quarter. Sovran Advisors LLC now owns 4,717 shares of the company’s stock worth $941,000 after acquiring an additional 1,229 shares in the last quarter. Savvy Advisors Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 751.3% during the fourth quarter. Savvy Advisors Inc. now owns 32,520 shares of the company’s stock valued at $6,230,000 after acquiring an additional 28,700 shares during the last quarter. Arvest Investments Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Arvest Investments Inc. now owns 262,534 shares of the company’s stock valued at $50,291,000 after acquiring an additional 10,480 shares in the last quarter. Finally, Red Door Wealth Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 21.9% in the fourth quarter. Red Door Wealth Management LLC now owns 1,829 shares of the company’s stock worth $350,000 after purchasing an additional 328 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $193.09 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The business’s fifty day simple moving average is $198.20 and its 200-day simple moving average is $193.57. The company has a market cap of $85.47 billion, a PE ratio of 20.10 and a beta of 0.99.

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.