Ramiah Investment Group Makes New $14.45 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

Ramiah Investment Group bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 75,293 shares of the company’s stock, valued at approximately $14,450,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 12.6% of Ramiah Investment Group’s portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $83,931,000. Bison Wealth LLC raised its position in Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $279,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.7%

RSP opened at $210.31 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $214.30. The business’s fifty day simple moving average is $206.21 and its 200-day simple moving average is $200.15. The company has a market capitalization of $90.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.