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

Hartford Financial Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,140 shares of the company’s stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also modified their holdings of RSP. Highland Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $26,000. Brandywine Financial Group lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares during the period. Rogco LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Asset Dedication LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $36,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $42,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

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

RSP opened at $216.64 on Thursday. The stock has a market cap of $100.12 billion, a PE 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 stock’s 50 day simple moving average is $215.49 and its 200-day simple moving average is $211.02.

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.