Greenwood Capital Associates LLC Invests $829,000 in Invesco S&P 500 Equal Weight ETF $RSP

Greenwood Capital Associates LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, HoldingsChannel reports. The firm bought 4,318 shares of the company’s stock, valued at approximately $829,000.

Several other hedge funds also recently made changes to their positions in the company. Sageworth Trust Co grew its stake in Invesco S&P 500 Equal Weight ETF by 18.0% in the first quarter. Sageworth Trust Co now owns 112,440 shares of the company’s stock worth $21,579,000 after purchasing an additional 17,171 shares during the period. Quantum Portfolio Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at $104,325,000. Ascent Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at $785,000. Penobscot Investment Management Company Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 137.7% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 15,494 shares of the company’s stock valued at $2,974,000 after buying an additional 8,975 shares in the last quarter. Finally, Richmond Investment Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 23.6% during the 1st quarter. Richmond Investment Services LLC now owns 3,924 shares of the company’s stock valued at $753,000 after buying an additional 750 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $213.50 on Friday. The firm’s 50-day moving average price is $208.30 and its 200-day moving average price is $201.55. The company has a market capitalization of $95.28 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37.

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.