Massachusetts Wealth Management Buys 175 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Massachusetts Wealth Management lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,679 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Massachusetts Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $26,000. Richardson Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $31,000. Finally, Howe & Rusling Inc. boosted its position in 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. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $190.97 on Thursday. The firm’s 50 day simple moving average is $187.50 and its 200 day simple moving average is $179.47. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30. The company has a market cap of $75.06 billion, a PE ratio of 20.10 and a beta of 1.05.

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).