Harbor Investment Advisory LLC Buys 6,772 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Harbor Investment Advisory LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,892 shares of the company’s stock after buying an additional 6,772 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.1% of Harbor Investment Advisory LLC’s holdings, making the stock its 13th largest holding. Harbor Investment Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,798,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prism Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 10.6% in the first quarter. Prism Advisors Inc. now owns 59,379 shares of the company’s stock valued at $11,396,000 after acquiring an additional 5,683 shares during the last quarter. SMART Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 33.3% during the 1st quarter. SMART Wealth LLC now owns 25,864 shares of the company’s stock valued at $4,964,000 after purchasing an additional 6,462 shares during the period. Caliber Wealth Management LLC KS lifted its position in Invesco S&P 500 Equal Weight ETF by 1.9% during the 1st quarter. Caliber Wealth Management LLC KS now owns 4,879 shares of the company’s stock valued at $936,000 after purchasing an additional 93 shares during the period. Members Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.0% during the 1st quarter. Members Wealth LLC now owns 4,097 shares of the company’s stock valued at $829,000 after purchasing an additional 120 shares during the period. Finally, Spinnaker Trust boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 22.3% in the 1st quarter. Spinnaker Trust now owns 15,686 shares of the company’s stock valued at $3,010,000 after purchasing an additional 2,864 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $212.77 on Wednesday. The company has a 50 day moving average of $206.65 and a 200-day moving average of $200.51. The stock has a market cap of $91.79 billion, a price-to-earnings 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 $214.30.

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.