Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by BIP Wealth LLC

BIP Wealth LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 263.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,825 shares of the company’s stock after purchasing an additional 3,499 shares during the period. BIP Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of RSP. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $26,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $29,000. Hurley Capital LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the period. Goodman Advisory Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $35,000. Finally, Basepoint Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $40,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $214.91 on Friday. The firm has a market capitalization of $94.78 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $215.61. The company’s fifty day moving average is $207.33 and its two-hundred day moving average is $200.89.

About Invesco S&P 500 Equal Weight ETF

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.