Matthew Goff Investment Advisor LLC Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

Matthew Goff Investment Advisor LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 2nd quarter, Holdings Channel.com reports. The fund bought 70,422 shares of the company’s stock, valued at approximately $14,984,000. Invesco S&P 500 Equal Weight ETF comprises approximately 2.5% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Orser Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $287,000. Westmount Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $456,000. Clark Asset Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 13.8% during the second quarter. Clark Asset Management LLC now owns 1,475 shares of the company’s stock worth $314,000 after buying an additional 179 shares in the last quarter. Gainplan LLC grew its position in Invesco S&P 500 Equal Weight ETF by 10.2% during the second quarter. Gainplan LLC now owns 34,228 shares of the company’s stock worth $7,283,000 after buying an additional 3,160 shares in the last quarter. Finally, SFM LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. SFM LLC now owns 4,443 shares of the company’s stock valued at $945,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5%

RSP opened at $218.58 on Friday. The stock has a market cap of $98.78 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $221.09. The stock’s 50 day simple moving average is $212.63 and its 200-day simple moving average is $204.35.

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.