Gainplan LLC Purchases 3,762 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Gainplan LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.0% in the third quarter, Holdings Channel reports. The institutional investor owned 37,990 shares of the company’s stock after purchasing an additional 3,762 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 4.7% of Gainplan LLC’s portfolio, making the stock its 5th largest position. Gainplan LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,903,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RSP. Highland Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $26,000. Brandywine Financial Group raised its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000. Rogco LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $34,000. Finally, Hurley Capital LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.6%

Shares of RSP opened at $211.87 on Friday. The firm has a market cap of $96.42 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The stock’s 50 day moving average is $216.42 and its two-hundred day moving average is $209.57.

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.