4,250 Shares in Invesco S&P 500 Equal Weight ETF $RSP Acquired by Friedenthal Financial

Friedenthal Financial purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,250 shares of the company’s stock, valued at approximately $816,000.

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

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $210.38 on Thursday. The stock has a market cap of $90.76 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm has a 50 day simple moving average of $205.75 and a 200 day simple moving average of $199.94. Invesco S&P 500 Equal Weight ETF has a 52 week low of $178.60 and a 52 week high of $214.30.

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.