47,749 Shares in Invesco S&P 500 Equal Weight ETF $RSP Acquired by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 47,749 shares of the company’s stock, valued at approximately $9,933,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 5.3% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $400,736,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after buying an additional 60,000 shares in the last quarter. Trust Co of Tennessee increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after buying an additional 12,435 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 19.4% in the first quarter. Janney Montgomery Scott LLC now owns 830,928 shares of the company’s stock worth $159,472,000 after acquiring an additional 135,061 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded down $0.69 during trading hours on Monday, reaching $213.40. The company’s stock had a trading volume of 5,971,682 shares, compared to its average volume of 11,953,941. The firm has a market capitalization of $98.62 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company’s 50-day moving average is $215.81 and its two-hundred day moving average is $210.53.

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.