Quad Cities Investment Group LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Quad Cities Investment Group LLC grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,233 shares of the company’s stock after acquiring an additional 2,477 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 3.7% of Quad Cities Investment Group LLC’s investment portfolio, making the stock its 4th largest position. Quad Cities Investment Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,576,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RSP. Eastern Bank acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. Richardson Financial Services Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $29,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 146.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $174.67 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16. The company’s 50 day moving average price is $180.85 and its two-hundred day moving average price is $175.71. The company has a market capitalization of $58.50 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).