USA Financial Formulas Makes New $775,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

USA Financial Formulas bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,037 shares of the company’s stock, valued at approximately $775,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RSP. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $29,000. Brandywine Financial Group grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Hurley Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $36,000. Finally, Basepoint Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $40,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $222.77 on Friday. The firm’s 50-day moving average is $214.06 and its two-hundred day moving average is $205.26. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $222.96. The stock has a market capitalization of $100.67 billion, a P/E ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.