Crumly & Associates Inc. Invests $7.19 Million in Invesco S&P 500 Equal Weight ETF $RSP

Crumly & Associates Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 37,512 shares of the company’s stock, valued at approximately $7,186,000. Invesco S&P 500 Equal Weight ETF accounts for about 1.5% of Crumly & Associates Inc.’s investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds have also bought and sold shares of the company. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $32,000. Finally, IMA Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $33,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 1.4%

RSP stock opened at $188.46 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $205.24. The business’s 50 day simple moving average is $198.88 and its 200 day simple moving average is $193.42. The firm has a market capitalization of $78.15 billion, a PE ratio of 20.10 and a beta of 0.99.

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.