Invesco S&P 500 Equal Weight ETF $RSP Stock Position Raised by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,833 shares of the company’s stock after purchasing an additional 2,914 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.2% of Robertson Stephens Wealth Management LLC’s holdings, making the stock its 18th biggest position. Robertson Stephens Wealth Management LLC owned about 0.05% of Invesco S&P 500 Equal Weight ETF worth $48,850,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RSP. Highland Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $26,000. Brandywine Financial Group lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Rogco LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $34,000. Finally, Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $36,000. 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 stock opened at $214.09 on Friday. The company has a market capitalization of $98.92 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company has a 50-day simple moving average of $215.81 and a 200 day simple moving average of $210.38. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43.

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.