Evergreen Wealth Management LLC Invests $3.38 Million in Invesco S&P 500 Equal Weight ETF $RSP

Evergreen Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, Holdings Channel reports. The fund purchased 17,665 shares of the company’s stock, valued at approximately $3,384,000. Invesco S&P 500 Equal Weight ETF makes up about 1.7% of Evergreen Wealth Management LLC’s holdings, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after buying an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock worth $335,472,000 after buying an additional 214,432 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $327,184,000. Focus Partners Wealth boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after buying an additional 150,899 shares during the last quarter. Finally, Trust Co of Tennessee boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the 4th quarter. Trust Co of Tennessee now owns 797,760 shares of the company’s stock worth $152,812,000 after buying an additional 18,986 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 Performance

Shares of NYSEARCA:RSP opened at $202.80 on Tuesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $173.00 and a fifty-two week high of $205.53. The company’s 50-day moving average is $197.94 and its 200 day moving average is $196.03. The company has a market capitalization of $87.49 billion, a P/E 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.