Birchcreek Wealth Management LLC Purchases 4,652 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Birchcreek Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 44,363 shares of the company’s stock after purchasing an additional 4,652 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 4.2% of Birchcreek Wealth Management LLC’s portfolio, making the stock its 6th largest position. Birchcreek Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,498,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $26,000. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $28,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $193.09 on Friday. The stock has a market capitalization of $80.07 billion, a PE ratio of 20.10 and a beta of 0.99. The business has a 50 day simple moving average of $198.31 and a 200-day simple moving average of $193.50. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24.

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.