Fairway Wealth LLC Increases Position in Invesco S&P 500 Equal Weight ETF $RSP

Fairway Wealth LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 130,407 shares of the company’s stock after buying an additional 3,560 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 5.2% of Fairway Wealth LLC’s investment portfolio, making the stock its 7th largest holding. Fairway Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,738,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Realta Investment Advisors increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 15.5% during the second quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after buying an additional 55 shares during the period. Fusion Capital LLC increased its position in Invesco S&P 500 Equal Weight ETF by 2.2% during the 2nd quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock valued at $466,000 after purchasing an additional 56 shares during the period. Burns J W & Co. Inc. NY raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after purchasing an additional 57 shares in the last quarter. Melfa Wealth Management Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock valued at $659,000 after purchasing an additional 57 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock worth $1,000,000 after purchasing an additional 64 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $199.40 on Thursday. The company has a market cap of $80.32 billion, a PE ratio of 20.10 and a beta of 0.99. The firm’s 50 day moving average price is $192.50 and its 200-day moving average price is $189.14. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $200.10.

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.