Mystic Asset Management Inc. Boosts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Mystic Asset Management Inc. increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,665 shares of the company’s stock after buying an additional 410 shares during the period. Mystic Asset Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $289,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the first quarter. Rosenberg Matthew Hamilton now owns 3,951 shares of the company’s stock valued at $684,000 after purchasing an additional 61 shares during the period. D L Carlson Investment Group Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 1.3% during the fourth quarter. D L Carlson Investment Group Inc. now owns 4,771 shares of the company’s stock valued at $836,000 after purchasing an additional 63 shares during the period. RWA Wealth Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1.0% during the fourth quarter. RWA Wealth Partners LLC now owns 6,360 shares of the company’s stock valued at $1,114,000 after purchasing an additional 64 shares during the period. Live Oak Private Wealth LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.0% during the first quarter. Live Oak Private Wealth LLC now owns 3,428 shares of the company’s stock valued at $594,000 after purchasing an additional 67 shares during the period. Finally, Novem Group raised its position in Invesco S&P 500 Equal Weight ETF by 5.6% during the first quarter. Novem Group now owns 1,291 shares of the company’s stock valued at $224,000 after purchasing an additional 68 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $184.18 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $188.16. The stock’s 50 day simple moving average is $179.71 and its two-hundred day simple moving average is $175.82. The company has a market cap of $73.91 billion, a PE ratio of 20.10 and a beta of 1.05.

About Invesco S&P 500 Equal Weight ETF

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).