Cardinal Point Capital Management ULC Invests $727,000 in Invesco S&P 500 Equal Weight ETF $RSP

Cardinal Point Capital Management ULC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,786 shares of the company’s stock, valued at approximately $727,000.

Several other hedge funds also recently made changes to their positions in RSP. Ritholtz Wealth Management raised its holdings in Invesco S&P 500 Equal Weight ETF by 44.7% in the first quarter. Ritholtz Wealth Management now owns 8,061 shares of the company’s stock worth $1,547,000 after purchasing an additional 2,491 shares in the last quarter. Breakwater Capital Group boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.9% during the 1st quarter. Breakwater Capital Group now owns 98,261 shares of the company’s stock valued at $18,858,000 after buying an additional 864 shares in the last quarter. Global Financial Private Client LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.3% during the 1st quarter. Global Financial Private Client LLC now owns 19,159 shares of the company’s stock valued at $3,677,000 after buying an additional 1,633 shares in the last quarter. Echo45 Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Echo45 Advisors LLC now owns 85,104 shares of the company’s stock valued at $16,333,000 after buying an additional 657 shares in the last quarter. Finally, KFA Private Wealth Group LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 13.0% in the 1st quarter. KFA Private Wealth Group LLC now owns 3,260 shares of the company’s stock worth $626,000 after buying an additional 374 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $210.38 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $178.60 and a 1 year high of $214.30. The firm has a market cap of $90.76 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company has a 50-day moving average of $205.75 and a 200 day moving average of $199.94.

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.