44,701 Shares in Invesco S&P 500 Equal Weight ETF $RSP Acquired by Firestone Capital Management

Firestone Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the second quarter, HoldingsChannel.com reports. The fund acquired 44,701 shares of the company’s stock, valued at approximately $8,124,000. Invesco S&P 500 Equal Weight ETF makes up approximately 1.9% of Firestone Capital Management’s portfolio, making the stock its 16th largest position.

Other hedge funds have also recently modified their holdings of the company. Realta Investment Advisors grew its stake in Invesco S&P 500 Equal Weight ETF by 15.5% during the second quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after acquiring an additional 55 shares in the last quarter. Fusion Capital LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the second quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock valued at $466,000 after purchasing an additional 56 shares in the last quarter. Battery Global Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the first quarter. Battery Global Advisors LLC now owns 12,604 shares of the company’s stock worth $2,183,000 after purchasing an additional 60 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock worth $1,000,000 after buying an additional 64 shares in the last quarter. Finally, Ehrlich Financial Group boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.4% during the second quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $187.34 on Friday. The company has a market cap of $72.46 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.33. The stock’s 50 day simple moving average is $188.84 and its two-hundred day simple moving average is $183.98.

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).