Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is McHugh Group LLC’s 8th Largest Position

McHugh Group LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.8% in the first quarter, HoldingsChannel reports. The fund owned 33,490 shares of the company’s stock after acquiring an additional 5,305 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 4.4% of McHugh Group LLC’s portfolio, making the stock its 8th largest position. McHugh Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,802,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RSP. Bigelow Investment Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.7% in the 1st quarter. Bigelow Investment Advisors LLC now owns 9,378 shares of the company’s stock valued at $1,625,000 after purchasing an additional 589 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 435.6% in the first quarter. Johnson Investment Counsel Inc. now owns 67,802 shares of the company’s stock valued at $11,745,000 after buying an additional 55,142 shares in the last quarter. Davidson Capital Management Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $27,477,000. Steel Grove Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.3% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 20,223 shares of the company’s stock worth $3,503,000 after buying an additional 1,549 shares during the period. Finally, HFG Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 11.6% during the 1st quarter. HFG Advisors Inc. now owns 1,556 shares of the company’s stock valued at $270,000 after buying an additional 162 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $177.36 on Thursday. The stock has a market capitalization of $71.69 billion, a P/E ratio of 20.59 and a beta of 0.99. The company’s fifty day moving average price is $172.69 and its 200 day moving average price is $175.51. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $188.16.

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).