Birinyi Associates Inc. Purchases Shares of 14,944 Invesco S&P 500 Equal Weight ETF $RSP

Birinyi Associates Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, Holdings Channel reports. The fund acquired 14,944 shares of the company’s stock, valued at approximately $2,868,000. Invesco S&P 500 Equal Weight ETF comprises approximately 0.8% of Birinyi Associates Inc.’s investment portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Hurley Capital LLC grew its position 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 worth $34,000 after acquiring an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $42,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $214.23 on Tuesday. The firm has a market capitalization of $96.70 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business has a 50 day simple moving average of $208.80 and a 200-day simple moving average of $201.85. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37.

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.