4,098 Shares in Invesco S&P 500 Equal Weight ETF $RSP Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, HoldingsChannel.com reports. The firm acquired 4,098 shares of the company’s stock, valued at approximately $777,000.

Other hedge funds also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $28,000. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $29,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $32,000. Finally, IMA Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $33,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $196.57 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The stock’s fifty day moving average is $199.81 and its 200-day moving average is $193.09. The firm has a market capitalization of $81.52 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.