Wealth Advisors of Iowa LLC Purchases 7,666 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Wealth Advisors of Iowa LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,709 shares of the company’s stock after purchasing an additional 7,666 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 19.9% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its largest holding. Wealth Advisors of Iowa LLC owned 0.07% of Invesco S&P 500 Equal Weight ETF worth $39,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. Beta Wealth Group Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after acquiring an additional 150 shares during the period. Tidemark LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 31.4% in the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after acquiring an additional 103 shares during the period. Ceera Investments LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $267,000. Sandy Cove Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $222,000. Finally, Permanent Capital Management LP acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $25,956,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4 %

Shares of RSP opened at $174.64 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The firm’s fifty day moving average is $178.64 and its two-hundred day moving average is $179.04. The stock has a market cap of $72.76 billion, a PE ratio of 20.93 and a beta of 1.07.

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).