Larry Mathis Financial Planning LLC Invests $1.29 Million in Invesco S&P 500 Equal Weight ETF $RSP

Larry Mathis Financial Planning LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,726 shares of the company’s stock, valued at approximately $1,288,000. Invesco S&P 500 Equal Weight ETF makes up about 1.1% of Larry Mathis Financial Planning LLC’s investment portfolio, making the stock its 16th largest holding.

Several other large investors have also bought and sold shares of RSP. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $28,000. Hurley Capital LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $35,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $209.96 on Friday. The company has a 50 day simple moving average of $205.05 and a 200 day simple moving average of $199.48. The stock has a market cap of $90.58 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $175.98 and a 1 year high of $214.30.

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.