Refined Wealth Management Purchases New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Refined Wealth Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,162 shares of the company’s stock, valued at approximately $606,000. Invesco S&P 500 Equal Weight ETF comprises 0.4% of Refined Wealth Management’s portfolio, making the stock its 24th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Drucker Wealth 3.0 LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after purchasing an additional 55 shares during the period. Strategies Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after purchasing an additional 55 shares during the last quarter. Battery Global Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after purchasing an additional 55 shares during the period. Burns J W & Co. Inc. NY lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after purchasing an additional 57 shares during the period. Finally, Melfa Wealth Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock valued at $659,000 after buying an additional 57 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $188.07 on Tuesday. The firm has a market cap of $77.99 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s fifty day moving average price is $198.67 and its 200 day moving average price is $193.49. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $205.24.

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.