Ironwood Wealth Management LLC. Grows Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Ironwood Wealth Management LLC. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,676 shares of the company’s stock after purchasing an additional 3,640 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.8% of Ironwood Wealth Management LLC.’s portfolio, making the stock its 21st biggest holding. Ironwood Wealth Management LLC.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSP. Van ECK Associates Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after purchasing an additional 78 shares during the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $28,000. Cambridge Financial Group Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $28,000. Joseph Group Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $29,000. Finally, Bridge Generations Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $179.61 on Wednesday. The firm has a fifty day moving average price of $170.28 and a 200 day moving average price of $175.81. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16. The firm has a market cap of $72.60 billion, a PE ratio of 20.59 and a beta of 0.99.

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).