Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Hemington Wealth Management

Hemington Wealth Management boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4,520.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,620 shares of the company’s stock after buying an additional 4,520 shares during the period. Hemington Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RSP. Brighton Jones LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $83,931,000. Bison Wealth LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after buying an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $11,553,000. Finally, Integrity Alliance LLC. boosted its position in Invesco S&P 500 Equal Weight ETF by 85.4% during the first quarter. Integrity Alliance LLC. now owns 2,386 shares of the company’s stock worth $413,000 after acquiring an additional 1,099 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

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

RSP stock opened at $197.60 on Friday. The firm has a 50-day moving average of $190.82 and a two-hundred day moving average of $188.25. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $198.07. The company has a market cap of $77.97 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.