Montag A & Associates Inc. Has $32.43 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Montag A & Associates Inc. lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 168,962 shares of the company’s stock after purchasing an additional 20,250 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.5% of Montag A & Associates Inc.’s portfolio, making the stock its 10th biggest holding. Montag A & Associates Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $32,427,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RSP. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $40,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $42,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $214.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The company has a market cap of $95.83 billion, a PE ratio of 20.10 and a beta of 0.91. The stock’s 50-day moving average is $207.84 and its 200 day moving average is $201.26.

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.