Zhang Financial LLC Buys 4,334 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Zhang Financial LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 182.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,713 shares of the company’s stock after buying an additional 4,334 shares during the period. Zhang Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Hurley Capital LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $40,000. Finally, Raleigh Capital Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $42,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.8%

RSP opened at $213.37 on Friday. The company has a market capitalization of $95.81 billion, a PE ratio of 20.10 and a beta of 0.91. The firm has a 50-day simple moving average of $209.58 and a two-hundred day simple moving average of $202.35. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37.

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.