Revolve Wealth Partners LLC Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

Revolve Wealth Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,519 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NorthRock Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 33.4% during the second quarter. NorthRock Partners LLC now owns 4,610 shares of the company’s stock valued at $838,000 after buying an additional 1,155 shares during the period. Verdence Capital Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 4.4% in the second quarter. Verdence Capital Advisors LLC now owns 9,060 shares of the company’s stock worth $1,647,000 after purchasing an additional 378 shares during the period. Total Clarity Wealth Management Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 25.4% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after purchasing an additional 872 shares during the period. Courage Miller Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 3.2% in the second quarter. Courage Miller Partners LLC now owns 58,208 shares of the company’s stock worth $10,579,000 after purchasing an additional 1,816 shares during the period. Finally, Lion Street Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $700,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $186.92 on Tuesday. The stock has a market cap of $72.93 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.30. The firm’s 50-day simple moving average is $187.75 and its two-hundred day simple moving average is $179.81.

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).