Herbst Group LLC Has $2.62 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Herbst Group LLC grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 53.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,333 shares of the company’s stock after acquiring an additional 4,300 shares during the period. Herbst Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brandywine Financial Group grew its stake in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $29,000. Hurley Capital LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $36,000. Finally, Basepoint Wealth LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $220.09 on Monday. The company has a market cap of $99.46 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. 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’s fifty day simple moving average is $212.86 and its 200 day simple moving average is $204.50.

About Invesco S&P 500 Equal Weight ETF

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.