Advanced Portfolio Management LLC Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Advanced Portfolio Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $958,000. Invesco S&P 500 Equal Weight ETF comprises approximately 2.9% of Advanced Portfolio Management LLC’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds also recently modified their holdings of the company. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. NBZ Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Aviso Financial Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. Hurley Capital LLC grew its holdings in 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 worth $34,000 after purchasing an additional 118 shares during the period. Finally, Goodman Advisory Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $35,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $208.99 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $214.30. The stock has a market capitalization of $90.16 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock has a 50-day simple moving average of $204.48 and a 200 day simple moving average of $199.28.

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.