Cherry Tree Wealth Management LLC Boosts Position in Invesco S&P 500 Equal Weight ETF $RSP

Cherry Tree Wealth Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% during the fourth quarter, Holdings Channel reports. The firm owned 33,003 shares of the company’s stock after buying an additional 2,476 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 1.3% of Cherry Tree Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Cherry Tree Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RSP. Brighton Jones LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Bison Wealth LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at $279,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

Shares of NYSEARCA:RSP opened at $208.83 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $174.27 and a 52-week high of $209.32. The stock’s fifty day simple moving average is $199.81 and its 200-day simple moving average is $197.16. The company has a market capitalization of $90.09 billion, a P/E 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.