Eagle Harbor Asset Management Inc. ADV Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Eagle Harbor Asset Management Inc. ADV bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,556 shares of the company’s stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Venture Visionary Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock valued at $80,002,000 after acquiring an additional 5,887 shares in the last quarter. Rhodes Investment Advisors Inc. ADV bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $794,000. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.9% in the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after purchasing an additional 76,324 shares during the last quarter. Corient Private Wealth LP lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock valued at $84,412,000 after purchasing an additional 58,956 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $2,939,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.2%

Shares of NYSEARCA:RSP opened at $215.86 on Wednesday. The stock has a market capitalization of $99.76 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The firm has a fifty day moving average price of $215.58 and a 200 day moving average price of $210.85.

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.