NewEdge Advisors LLC Buys 40,922 Shares of Invesco S&P 500 Equal Weight ETF $RSP

NewEdge Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.0% during the first quarter, Holdings Channel.com reports. The fund owned 451,779 shares of the company’s stock after purchasing an additional 40,922 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $86,705,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC lifted 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, Gamco Investors INC. ET AL purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth $279,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $218.58 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $221.09. The company has a market capitalization of $98.78 billion, a PE ratio of 20.10 and a beta of 0.91. The business has a fifty day moving average price of $212.63 and a two-hundred day moving average price of $204.35.

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). 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.