Wealthgarden F.S. LLC Invests $733,000 in Invesco S&P 500 Equal Weight ETF $RSP

Wealthgarden F.S. LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 3,820 shares of the company’s stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $26,000. Nalls Sherbakoff Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $29,000. Hurley Capital LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $40,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $42,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

Shares of NYSEARCA RSP opened at $213.45 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37. The stock’s fifty day simple moving average is $209.00 and its two-hundred day simple moving average is $201.98. The stock has a market capitalization of $95.86 billion, a PE ratio of 20.10 and a beta of 0.91.

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). 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.