Harbor Investment Advisory LLC Purchases 6,772 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Harbor Investment Advisory LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,892 shares of the company’s stock after purchasing an additional 6,772 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.1% of Harbor Investment Advisory LLC’s portfolio, making the stock its 13th largest position. Harbor Investment Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSP. Cary Street Partners Investment Advisory LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after acquiring an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% in the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after acquiring an additional 52 shares in the last quarter. Merkkuri Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the first quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after purchasing an additional 54 shares during the period. Finally, Battery Global Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after purchasing an additional 55 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $212.77 on Wednesday. The business’s 50-day simple moving average is $206.65 and its 200-day simple moving average is $200.51. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $214.30. The stock has a market capitalization of $91.79 billion, a PE ratio of 20.10 and a beta of 0.91.

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.