TFC Financial Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 418 shares of the company’s stock, valued at approximately $76,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $25,000. Uniplan Investment Counsel Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $26,000. Richardson Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $30,000. OLD Second National Bank of Aurora purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $31,000. Finally, Howe & Rusling Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Down 0.9%
Shares of RSP stock opened at $187.06 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.30. The firm’s 50 day moving average is $188.06 and its 200 day moving average is $180.02. The stock has a market capitalization of $72.49 billion, a P/E 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).
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