Bryant Woods Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 6,906 shares of the company’s stock, valued at approximately $1,436,000. Invesco S&P 500 Equal Weight ETF accounts for 0.4% of Bryant Woods Investment Advisors LLC’s portfolio, making the stock its 27th biggest position.
A number of other hedge funds have also added to or reduced their stakes in the stock. Abundance Wealth Counselors increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.3% during the 3rd quarter. Abundance Wealth Counselors now owns 35,226 shares of the company’s stock worth $7,328,000 after acquiring an additional 1,119 shares during the period. Walker Financial Services Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 8.9% in the third quarter. Walker Financial Services Inc. now owns 101,846 shares of the company’s stock worth $21,186,000 after buying an additional 8,283 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $8,346,000. Ballast Rock Private Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 20.4% during the third quarter. Ballast Rock Private Wealth LLC now owns 8,059 shares of the company’s stock valued at $1,676,000 after buying an additional 1,366 shares during the period. Finally, Tiller Private Wealth Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 10.7% during the third quarter. Tiller Private Wealth Inc. now owns 152,115 shares of the company’s stock valued at $31,643,000 after buying an additional 14,657 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Up 0.1%
Invesco S&P 500 Equal Weight ETF stock opened at $217.52 on Wednesday. The stock has a market cap of $99.79 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business has a 50-day simple moving average of $215.18 and a 200 day simple moving average of $207.43. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43.
Invesco S&P 500 Equal Weight ETF Company 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.
See Also
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
