Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 64,880 shares of the company’s stock after acquiring an additional 2,621 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.4% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 20th largest position. L. Roy Papp & Associates LLP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RSP. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $26,000. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Aviso Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. IMA Advisory Services Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $33,000. Finally, Cloud Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $35,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $202.55 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $160.93 and a 1 year high of $205.24. The stock has a fifty day moving average of $198.02 and a two-hundred day moving average of $194.44. The firm has a market capitalization of $88.68 billion, a PE ratio of 20.10 and a beta of 0.94.

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.