Bigelow Investment Advisors LLC Has $3.32 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Bigelow Investment Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,297 shares of the company’s stock after buying an additional 2,468 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.3% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Bigelow Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RSP. Brookstone Capital Management raised its position in Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares in the last quarter. Banta Asset Management LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $1,654,000. Allen Investment Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $777,000. Finally, Vise Technologies Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after purchasing an additional 2,983 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $213.05 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $214.30. The stock has a market cap of $91.91 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm’s 50-day moving average is $206.45 and its 200-day moving average is $200.37.

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.