ORG Partners LLC Buys 3,630 Shares of Invesco S&P 500 Equal Weight ETF $RSP

ORG Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.6% during the third quarter, Holdings Channel reports. The institutional investor owned 16,787 shares of the company’s stock after buying an additional 3,630 shares during the quarter. ORG Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $25,000. Investment Counsel Co. of Nevada acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $32,000. Howe & Rusling Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st 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 bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $34,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $197.60 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $198.07. The firm has a market capitalization of $77.89 billion, a P/E ratio of 20.10 and a beta of 0.99. The company’s 50 day simple moving average is $190.82 and its 200 day simple moving average is $188.19.

Invesco S&P 500 Equal Weight ETF 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.