Paladin Wealth LLC Acquires Shares of 4,022 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Paladin Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,022 shares of the company’s stock, valued at approximately $697,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RSP. FPC Investment Advisory Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $28,000. Van ECK Associates Corp increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares during the period. Cambridge Financial Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $28,000. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000. Finally, Joseph Group Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $176.11 on Monday. The company has a market capitalization of $72.17 billion, a P/E ratio of 20.59 and a beta of 1.00. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $188.16. The business’s 50 day simple moving average is $169.53 and its 200 day simple moving average is $175.98.

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).