Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Ironwood Wealth Management LLC.

Ironwood Wealth Management LLC. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 42,501 shares of the company’s stock after acquiring an additional 7,825 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.7% of Ironwood Wealth Management LLC.’s investment portfolio, making the stock its 19th biggest holding. Ironwood Wealth Management LLC.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $25,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $29,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $32,000. Howe & Rusling Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares during the period. Finally, GoalVest Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $34,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

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

RSP stock opened at $197.00 on Wednesday. The firm has a 50 day moving average of $190.32 and a 200-day moving average of $187.95. The company has a market cap of $77.28 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $197.25.

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.