Capstone Wealth Management Group LLC Invests $6.20 Million in Invesco S&P 500 Equal Weight ETF $RSP

Capstone Wealth Management Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, HoldingsChannel.com reports. The fund acquired 32,301 shares of the company’s stock, valued at approximately $6,199,000. Invesco S&P 500 Equal Weight ETF accounts for about 2.6% of Capstone Wealth Management Group LLC’s holdings, making the stock its 14th largest position.

Several other large investors also recently modified their holdings of the company. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Hurley Capital LLC lifted its stake 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 purchasing an additional 118 shares during the period. Basepoint Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $42,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $214.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $216.37. The stock has a 50 day simple moving average of $207.84 and a two-hundred day simple moving average of $201.26. The company has a market cap of $95.83 billion, a P/E ratio of 20.10 and a beta of 0.91.

Invesco S&P 500 Equal Weight ETF Company 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.