Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Bright Financial Advisors Inc.’s 2nd Largest Position

Bright Financial Advisors Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,523 shares of the company’s stock after purchasing an additional 3,089 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 9.3% of Bright Financial Advisors Inc.’s holdings, making the stock its 2nd biggest position. Bright Financial Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSP. Strategic Financial Concepts LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after acquiring an additional 8,451,521 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its stake in Invesco S&P 500 Equal Weight ETF by 1,502.5% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after purchasing an additional 839,150 shares during the period. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $83,931,000. Penserra Capital Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 2,274.4% in the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after purchasing an additional 465,623 shares during the period. Finally, First Interstate Bank boosted its stake in Invesco S&P 500 Equal Weight ETF by 2,324.6% in the 3rd quarter. First Interstate Bank now owns 379,553 shares of the company’s stock worth $68,001,000 after purchasing an additional 363,899 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $181.11 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $156.16 and a 1-year high of $188.16. The company has a market capitalization of $60.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The business has a 50 day simple moving average of $179.77 and a two-hundred day simple moving average of $177.39.

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).