HB Wealth Management LLC Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

HB Wealth Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,519 shares of the company’s stock after purchasing an additional 11,041 shares during the quarter. HB Wealth Management LLC owned about 0.06% of Invesco S&P 500 Equal Weight ETF worth $44,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSP. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $26,000. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Aviso Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $28,000. IMA Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $33,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $35,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.0%

Shares of NYSEARCA:RSP opened at $202.46 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $164.34 and a 52-week high of $205.24. The stock has a market cap of $87.89 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. The business has a 50-day moving average price of $198.00 and a 200-day moving average price of $194.50.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.