Topsail Wealth Management LLC Invests $1.28 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Topsail Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, HoldingsChannel reports. The firm bought 7,311 shares of the company’s stock, valued at approximately $1,281,000.

Several other hedge funds have also modified their holdings of RSP. Hancock Whitney Corp grew its position in Invesco S&P 500 Equal Weight ETF by 5.2% in the fourth quarter. Hancock Whitney Corp now owns 45,530 shares of the company’s stock valued at $7,978,000 after acquiring an additional 2,244 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 190,550 shares of the company’s stock valued at $33,390,000 after purchasing an additional 16,756 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Invesco S&P 500 Equal Weight ETF by 161.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 74,725 shares of the company’s stock valued at $13,089,000 after purchasing an additional 46,154 shares in the last quarter. Burling Wealth Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $1,104,000. Finally, Evercore Wealth Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 2.4% during the 4th quarter. Evercore Wealth Management LLC now owns 58,884 shares of the company’s stock worth $10,318,000 after buying an additional 1,395 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $167.69 on Friday. The firm has a 50-day moving average of $170.82 and a two-hundred day moving average of $177.13. The stock has a market cap of $69.75 billion, a P/E ratio of 19.70 and a beta of 1.01. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16.

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).