Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Bright Financial Advisors Inc.’s 3rd Largest Position

Bright Financial Advisors Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,249 shares of the company’s stock after acquiring an additional 3,726 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 9.4% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Bright Financial Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,287,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 219.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after purchasing an additional 6,254,609 shares during the period. Texas Permanent School Fund Corp increased its stake in Invesco S&P 500 Equal Weight ETF by 318.5% during the fourth quarter. Texas Permanent School Fund Corp now owns 8,162,449 shares of the company’s stock valued at $1,430,306,000 after purchasing an additional 6,211,920 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $720,730,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $620,875,000. Finally, Phoenix Financial Ltd. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $269,253,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 1.3%

RSP stock opened at $184.90 on Wednesday. The company has a market capitalization of $73.30 billion, a P/E ratio of 20.10 and a beta of 1.05. The company has a 50-day simple moving average of $182.29 and a 200 day simple moving average of $176.62. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16.

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).