Spinnaker Trust Acquires 2,864 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Spinnaker Trust lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,686 shares of the company’s stock after purchasing an additional 2,864 shares during the period. Spinnaker Trust’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,010,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RSP. Forum Financial Management LP increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.1% during the first quarter. Forum Financial Management LP now owns 6,335 shares of the company’s stock valued at $1,216,000 after buying an additional 69 shares during the period. Sippican Capital Advisors lifted its holdings in Invesco S&P 500 Equal Weight ETF by 21.2% during the first quarter. Sippican Capital Advisors now owns 1,304 shares of the company’s stock worth $250,000 after buying an additional 228 shares during the period. EWA LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 12.6% during the first quarter. EWA LLC now owns 2,798 shares of the company’s stock worth $537,000 after buying an additional 312 shares during the period. Fairway Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the 1st quarter. Fairway Wealth LLC now owns 137,035 shares of the company’s stock valued at $26,300,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Catalina Capital Group LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 4.1% during the 1st quarter. Catalina Capital Group LLC now owns 25,243 shares of the company’s stock valued at $4,845,000 after acquiring an additional 993 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.3%

Shares of NYSEARCA:RSP opened at $213.05 on Tuesday. The company has a market capitalization of $91.91 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $214.30. The business’s fifty day simple moving average is $206.45 and its 200-day simple moving average is $200.37.

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.