RFP Financial Group LLC Purchases 40,917 Shares of Invesco S&P 500 Equal Weight ETF $RSP

RFP Financial Group LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 66.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 102,776 shares of the company’s stock after acquiring an additional 40,917 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 9.4% of RFP Financial Group LLC’s holdings, making the stock its 4th largest position. RFP Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $19,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of RSP. Morgan Stanley grew its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after buying an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $306,496,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $287,168,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after buying an additional 959,176 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $211.65 on Monday. The firm’s fifty day moving average price is $203.40 and its 200 day moving average price is $198.83. The company has a market capitalization of $91.31 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month high of $212.12.

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.