BlueChip Wealth Advisors LLC Buys 14,503 Shares of Invesco S&P 500 Equal Weight ETF $RSP

BlueChip Wealth Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 55.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,644 shares of the company’s stock after purchasing an additional 14,503 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 3.4% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 7th largest holding. BlueChip Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares during the period. Ballast Rock Private Wealth LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares during the last quarter. Pacific Point Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares during the period. Merkkuri Wealth Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.5% in the first quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after purchasing an additional 54 shares during the period. Finally, Jessup Wealth Management Inc raised its position in Invesco S&P 500 Equal Weight ETF by 1.8% in the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4%

NYSEARCA:RSP opened at $213.45 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37. The stock’s fifty day moving average is $209.00 and its two-hundred day moving average is $201.98. The stock has a market capitalization of $95.86 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.