McLaughlin Asset Management Inc. Makes New $716,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

McLaughlin Asset Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,737 shares of the company’s stock, valued at approximately $716,000.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $83,931,000. Bison Wealth LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $279,000. 61.18% of the stock is currently 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 business has a 50 day simple moving average of $204.81 and a 200-day simple moving average of $199.40. The firm has a market capitalization of $90.58 billion, a PE 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.