Waverly Advisors LLC Increases Position in Invesco S&P 500 Equal Weight ETF $RSP

Waverly Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,602 shares of the company’s stock after buying an additional 25,996 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 0.7% of Waverly Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Waverly Advisors LLC owned 0.11% of Invesco S&P 500 Equal Weight ETF worth $90,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Hurley Capital LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. Basepoint Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $42,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $213.57 on Friday. The stock has a market capitalization of $95.73 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The business has a fifty day moving average price of $210.53 and a 200-day moving average price of $203.05.

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). 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.