Karras Company Inc. Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Karras Company Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,291 shares of the company’s stock, valued at approximately $16,530,000. Invesco S&P 500 Equal Weight ETF makes up about 15.8% of Karras Company Inc.’s portfolio, making the stock its biggest holding.

Several other large investors have also recently made changes to their positions in the business. Advisory Alpha LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 83.6% during the fourth quarter. Advisory Alpha LLC now owns 8,044 shares of the company’s stock worth $1,541,000 after acquiring an additional 3,663 shares in the last quarter. Evoke Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the fourth quarter. Evoke Wealth LLC now owns 24,853 shares of the company’s stock worth $4,761,000 after buying an additional 784 shares during the period. Empirical Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% in the fourth quarter. Empirical Asset Management LLC now owns 11,615 shares of the company’s stock worth $2,225,000 after buying an additional 71 shares during the period. Keudell Morrison Wealth Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $878,000. Finally, Wilian Securities LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,980,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9%

Shares of NYSEARCA RSP opened at $206.58 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $173.00 and a 52 week high of $206.97. The firm’s fifty day moving average is $198.46 and its 200 day moving average is $196.43. The company has a market cap of $89.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.