Hobbs Group Advisors LLC Purchases 8,617 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Hobbs Group Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 708.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,834 shares of the company’s stock after acquiring an additional 8,617 shares during the period. Hobbs Group Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. Nova Wealth Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $25,000. Uniplan Investment Counsel Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $26,000. Richardson Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $30,000. OLD Second National Bank of Aurora bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $31,000. Finally, Howe & Rusling Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring 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

Shares of RSP opened at $185.12 on Friday. The firm has a 50-day moving average of $187.69 and a 200-day moving average of $179.67. 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 $72.28 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).