Cardinal Point Capital Management ULC Takes $727,000 Position in Invesco S&P 500 Equal Weight ETF $RSP

Cardinal Point Capital Management ULC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 3,786 shares of the company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Brookstone Capital Management raised its stake in Invesco S&P 500 Equal Weight ETF by 2.5% during the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares during the period. Banta Asset Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $1,654,000. Empirical Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 417.0% in the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after purchasing an additional 9,311 shares during the period. Allen Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after purchasing an additional 35,220 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $777,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $210.38 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $178.60 and a 1 year high of $214.30. The firm’s 50 day moving average price is $205.75 and its 200-day moving average price is $199.94. The stock has a market cap of $90.76 billion, a P/E ratio of 20.10 and a beta of 0.91.

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). 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.