Herbst Group LLC Acquires 4,300 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Herbst Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 53.5% during the second quarter, Holdings Channel reports. The fund owned 12,333 shares of the company’s stock after acquiring an additional 4,300 shares during the quarter. Herbst Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RSP. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Brandywine Financial Group increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the last quarter. Hurley Capital LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. Asset Dedication LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $36,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $40,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $220.09 on Monday. The company has a market capitalization of $99.46 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company has a 50-day simple moving average of $212.86 and a 200 day simple moving average of $204.50. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $221.09.

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.