SevenBridge Financial Group LLC Buys Shares of 50,360 Invesco S&P 500 Equal Weight ETF $RSP

SevenBridge Financial Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 50,360 shares of the company’s stock, valued at approximately $10,034,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.6% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds have also made changes to their positions in the stock. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $26,000. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $35,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

Shares of NYSEARCA:RSP opened at $202.82 on Friday. The firm has a market cap of $87.50 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $169.48 and a 1 year high of $205.24. The business has a fifty day simple moving average of $197.91 and a 200 day simple moving average of $194.98.

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.