Lavelle Capital LP Acquires New Position in Invesco S&P 500 Equal Weight ETF $RSP

Lavelle Capital LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,911 shares of the company’s stock, valued at approximately $751,000.

Several other hedge funds have also modified their holdings of RSP. Banta Asset Management LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $1,654,000. Allen Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares during the period. Vise Technologies Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after buying an additional 2,983 shares during the last quarter. Financial Guidance Group Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 13.2% in the 4th quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after purchasing an additional 4,197 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 67.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock worth $13,586,000 after buying an additional 28,586 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

RSP stock opened at $215.01 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $218.11. The company has a market capitalization of $97.26 billion, a P/E ratio of 20.10 and a beta of 0.91. The company has a 50-day simple moving average of $211.72 and a 200 day simple moving average of $203.74.

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.