Hidden Cove Wealth Management LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Hidden Cove Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,919 shares of the company’s stock, valued at approximately $687,000. Invesco S&P 500 Equal Weight ETF makes up about 0.6% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after buying an additional 78 shares during the last quarter. Louisbourg Investments Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 314.9% during the 4th quarter. Louisbourg Investments Inc. now owns 61,400 shares of the company’s stock valued at $10,759,000 after acquiring an additional 46,600 shares in the last quarter. GEM Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 11.9% during the fourth quarter. GEM Asset Management LLC now owns 1,839 shares of the company’s stock worth $322,000 after purchasing an additional 195 shares during the last quarter. Jmac Enterprises LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 418.2% in the fourth quarter. Jmac Enterprises LLC now owns 14,899 shares of the company’s stock worth $2,611,000 after purchasing an additional 12,024 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.5% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 18,081 shares of the company’s stock valued at $3,168,000 after purchasing an additional 268 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $179.70 on Thursday. The company’s fifty day moving average is $179.38 and its two-hundred day moving average is $177.77. Invesco S&P 500 Equal Weight ETF has a 1-year low of $156.16 and a 1-year high of $188.16. The stock has a market capitalization of $60.19 billion, a price-to-earnings 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).