Seamount Financial Group Inc. Invests $843,000 in Invesco S&P 500 Equal Weight ETF $RSP

Seamount Financial Group Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,392 shares of the company’s stock, valued at approximately $843,000.

A number of other hedge funds have also recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 959,176 shares during the period. Invesco Ltd. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.6% in the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after purchasing an additional 444,846 shares during the period. State of Wisconsin Investment Board grew its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after buying an additional 1,060,181 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock worth $1,051,080,000 after buying an additional 362,412 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 Stock Up 0.7%

RSP opened at $214.91 on Friday. The firm has a market cap of $93.84 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $215.61. The business’s 50 day moving average is $207.09 and its two-hundred day moving average is $200.79.

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.