Total Investment Management Inc. Buys 4,826 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Total Investment Management Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 342,244 shares of the company’s stock after purchasing an additional 4,826 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 8.4% of Total Investment Management Inc.’s holdings, making the stock its 8th biggest position. Total Investment Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $65,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pacific Point Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares during the period. Drucker Wealth 3.0 LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after acquiring an additional 55 shares during the period. Strategies Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the period. Battery Global Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after acquiring an additional 55 shares during the period. Finally, Melfa Wealth Management Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock valued at $659,000 after acquiring an additional 57 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8%

NYSEARCA:RSP opened at $203.24 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $169.48 and a 52 week high of $205.24. The stock has a market capitalization of $87.68 billion, a PE ratio of 20.10 and a beta of 0.92. The stock’s 50-day moving average price is $197.89 and its 200-day moving average price is $195.18.

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.