Valley Wealth Managers Inc. Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Valley Wealth Managers Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 92,013 shares of the company’s stock, valued at approximately $16,485,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSP. QRG Capital Management Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 26.7% during the 1st quarter. QRG Capital Management Inc. now owns 3,007 shares of the company’s stock valued at $509,000 after purchasing an additional 633 shares during the period. Kingsview Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,029 shares of the company’s stock valued at $2,376,000 after purchasing an additional 82 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 14.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 39,948 shares of the company’s stock valued at $6,766,000 after purchasing an additional 5,038 shares during the period. Twin Tree Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $10,778,000. Finally, First Foundation Advisors increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.1% during the 1st quarter. First Foundation Advisors now owns 73,111 shares of the company’s stock valued at $12,383,000 after purchasing an additional 826 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded down $0.20 during mid-day trading on Friday, reaching $182.04. 492,702 shares of the company’s stock traded hands, compared to its average volume of 6,075,596. Invesco S&P 500 Equal Weight ETF has a 12-month low of $144.35 and a 12-month high of $185.79. The firm has a market capitalization of $60.97 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company has a 50 day moving average price of $178.46 and a 200-day moving average price of $171.06.

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).