Invesco S&P 500 Equal Weight ETF $RSP is Prasad Wealth Partners LLC’s 4th Largest Position

Prasad Wealth Partners LLC grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,774 shares of the company’s stock after buying an additional 2,894 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 4.8% of Prasad Wealth Partners LLC’s portfolio, making the stock its 4th largest holding. Prasad Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $83,931,000. Bison Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $279,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $214.91 on Friday. The firm has a market cap of $93.84 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company has a 50 day moving average price of $207.09 and a 200-day moving average price of $200.79. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $215.61.

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.