Invesco S&P 500 Equal Weight ETF $RSP is ADG Wealth Management Group LLC’s 3rd Largest Position

ADG Wealth Management Group LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.7% during the 1st quarter, HoldingsChannel reports. The firm owned 86,090 shares of the company’s stock after buying an additional 6,134 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 11.5% of ADG Wealth Management Group LLC’s portfolio, making the stock its 3rd largest position. ADG Wealth Management Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,522,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $26,000. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $29,000. Finally, Hurley Capital LLC grew its stake in shares of 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 valued at $34,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $211.75 on Friday. The company has a market capitalization of $91.35 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s 50-day moving average is $205.99 and its 200 day moving average is $200.08. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.35 and a 12 month high of $214.30.

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.