Elevation Point Wealth Partners LLC Invests $1.75 Million in Invesco S&P 500 Equal Weight ETF $RSP

Elevation Point Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,196 shares of the company’s stock, valued at approximately $1,745,000.

A number of other hedge funds have also recently added to or reduced their stakes in RSP. 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 valued at $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $83,931,000. Bison Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth $11,553,000. Finally, Vise Technologies Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth $369,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $193.52 on Monday. The company has a market cap of $80.25 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The business has a fifty day moving average of $199.87 and a two-hundred day moving average of $193.20.

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). 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.