Paladin Wealth LLC Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

Paladin Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,338 shares of the company’s stock after buying an additional 316 shares during the quarter. Paladin Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $25,000. Uniplan Investment Counsel Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $26,000. Richardson Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $30,000. OLD Second National Bank of Aurora purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $31,000. Finally, Howe & Rusling Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $188.96 on Monday. The company’s 50 day simple moving average is $185.95 and its two-hundred day simple moving average is $177.69. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $190.54. The firm has a market capitalization of $74.91 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

Invesco S&P 500 Equal Weight ETF 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).