Strategy Asset Managers LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Strategy Asset Managers LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,343 shares of the company’s stock, valued at approximately $5,272,000.

Other hedge funds have also modified their holdings of the company. Weaver Consulting Group boosted its position in Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after acquiring an additional 48 shares during the last quarter. Sage Capital Advisors llc raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.0% in the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock valued at $512,000 after acquiring an additional 48 shares during the last quarter. Charis Legacy Partners LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% in the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after acquiring an additional 49 shares during the last quarter. Canvas Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after acquiring an additional 50 shares during the last quarter. Finally, Tenon Financial LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.0% in the 3rd quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock valued at $1,079,000 after acquiring an additional 50 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $212.09 on Thursday. The company’s 50 day simple moving average is $216.01 and its two-hundred day simple moving average is $210.16. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The firm has a market capitalization of $97.35 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.