Wealth Forward LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 125,373 shares of the company’s stock, valued at approximately $19,784,000. Invesco S&P 500 Equal Weight ETF accounts for 16.7% of Wealth Forward LLC’s investment portfolio, making the stock its biggest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Wealth Strategies LLC. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $266,000. Sunpointe LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $1,871,000. Voisard Asset Management Group Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $1,101,000. Madison Wealth Partners Inc purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $5,451,000. Finally, United Advisor Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $209,000.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of Invesco S&P 500 Equal Weight ETF stock opened at $163.68 on Friday. The stock has a market cap of $54.82 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock’s fifty day moving average is $164.21 and its 200 day moving average is $161.00. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $169.80.
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).
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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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