Partners Wealth Management LLC Makes New $508,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Partners Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, Holdings Channel reports. The firm purchased 2,441 shares of the company’s stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Highland Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $26,000. Brandywine Financial Group grew its holdings 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 valued at $30,000 after acquiring an additional 121 shares in the last quarter. Valley National Advisers Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $31,000. Rogco LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $34,000. Finally, Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $36,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $218.31 on Friday. The stock’s 50-day simple moving average is $215.05 and its 200 day simple moving average is $207.75. The company has a market cap of $100.24 billion, a P/E ratio of 20.10 and a beta of 0.92. 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.