Berman McAleer LLC Purchases New Stake in Invesco S&P 500 Equal Weight ETF $RSP

Berman McAleer LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 64,785 shares of the company’s stock, valued at approximately $12,290,000. Invesco S&P 500 Equal Weight ETF comprises about 1.7% of Berman McAleer LLC’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Investment Counsel Co. of Nevada bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $34,000. Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $35,000. Finally, Copia Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 335.8% in the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 178 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

RSP opened at $198.08 on Friday. The firm has a market cap of $82.87 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $200.78. The company’s 50-day moving average price is $194.38 and its 200 day moving average price is $189.80.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.