Marble Wealth LLC Takes $7.45 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Marble Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, HoldingsChannel.com reports. The fund bought 38,893 shares of the company’s stock, valued at approximately $7,450,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.0% of Marble Wealth LLC’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $26,000. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $26,000. Aviso Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $33,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $35,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Shares of NYSEARCA RSP opened at $210.04 on Wednesday. The firm’s 50-day moving average price is $200.12 and its 200-day moving average price is $197.36. The stock has a market capitalization of $90.61 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.93 and a 12-month high of $210.12.

About Invesco S&P 500 Equal Weight ETF

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.