Ballast Inc. Buys 12,093 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Ballast Inc. boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 17.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 80,866 shares of the company’s stock after purchasing an additional 12,093 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 4.1% of Ballast Inc.’s investment portfolio, making the stock its 7th biggest holding. Ballast Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSP. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $29,000. Finally, Riggs Asset Managment Co. Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 146.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after buying an additional 110 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5 %

RSP opened at $180.04 on Friday. The firm has a market cap of $60.30 billion, a PE ratio of 20.44 and a beta of 0.90. The business has a fifty day simple moving average of $180.54 and a 200-day simple moving average of $176.04. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $153.16 and a fifty-two week 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).