Hartford Financial Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,140 shares of the company’s stock, valued at approximately $653,000.
A number of other hedge funds have also made changes to their positions in RSP. LCW Services LLC grew its position in Invesco S&P 500 Equal Weight ETF by 7.5% during the 3rd quarter. LCW Services LLC now owns 47,392 shares of the company’s stock worth $9,858,000 after acquiring an additional 3,303 shares during the last quarter. AFG Fiduciary Services Limited Partnership lifted its position in Invesco S&P 500 Equal Weight ETF by 32.6% during the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 13,217 shares of the company’s stock worth $2,819,000 after buying an additional 3,247 shares in the last quarter. Grantvest Financial Group LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 11.7% during the 3rd quarter. Grantvest Financial Group LLC now owns 8,444 shares of the company’s stock worth $1,757,000 after acquiring an additional 884 shares during the last quarter. Wavvest Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $9,409,000. Finally, Arvest Investments Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.4% during the 3rd quarter. Arvest Investments Inc. now owns 278,885 shares of the company’s stock worth $58,014,000 after acquiring an additional 3,795 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 0.4%
Shares of NYSEARCA RSP opened at $216.64 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company has a 50-day moving average of $215.49 and a two-hundred day moving average of $211.02. The company has a market cap of $100.12 billion, a PE 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.
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