McHugh Group LLC Acquires 3,074 Shares of Invesco S&P 500 Equal Weight ETF $RSP

McHugh Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,976 shares of the company’s stock after purchasing an additional 3,074 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.4% of McHugh Group LLC’s investment portfolio, making the stock its 7th largest holding. McHugh Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,940,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Highland Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Brandywine Financial Group boosted its position in 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 buying an additional 121 shares during the period. Rogco LP bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $34,000. Finally, Asset Dedication LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $36,000. 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 traded down $0.69 during trading on Monday, reaching $213.40. 5,971,682 shares of the company were exchanged, compared to its average volume of 11,953,941. The firm has a market capitalization of $98.62 billion, a PE ratio of 20.10 and a beta of 0.92. The business’s fifty day simple moving average is $215.81 and its 200-day simple moving average is $210.53. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

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.