Invesco S&P 500 Equal Weight ETF $RSP is Frisch Financial Group Inc.’s Largest Position

Frisch Financial Group Inc. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,739 shares of the company’s stock after buying an additional 54,008 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 7.8% of Frisch Financial Group Inc.’s investment portfolio, making the stock its largest position. Frisch Financial Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,845,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $83,931,000. Russell Investments Group Ltd. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 60.7% in the 4th quarter. Russell Investments Group Ltd. now owns 2,555 shares of the company’s stock worth $448,000 after acquiring an additional 965 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $4,626,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $251,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

Invesco S&P 500 Equal Weight ETF stock opened at $186.69 on Wednesday. The firm has a market cap of $74.01 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $188.16. The company’s 50 day moving average is $183.10 and its two-hundred day moving average is $176.79.

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).