McLaughlin Asset Management Inc. Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

McLaughlin Asset Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,737 shares of the company’s stock, valued at approximately $716,000.

Other large investors have also recently made changes to their positions in the company. Wick Capital Partners LLC grew its position in Invesco S&P 500 Equal Weight ETF by 13.4% during the fourth quarter. Wick Capital Partners LLC now owns 21,979 shares of the company’s stock valued at $4,210,000 after buying an additional 2,592 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $147,000. Claris Financial LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $535,000. Briggs Wealth Management Inc purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $796,000. Finally, Invesco Ltd. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.6% during the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after acquiring an additional 444,846 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

NYSEARCA:RSP opened at $209.96 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $214.30. The stock has a market capitalization of $90.58 billion, a PE ratio of 20.10 and a beta of 0.91. The stock’s 50-day moving average price is $204.81 and its 200-day moving average price is $199.40.

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.