NewEdge Advisors LLC Purchases 40,922 Shares of Invesco S&P 500 Equal Weight ETF $RSP

NewEdge Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 451,779 shares of the company’s stock after buying an additional 40,922 shares during the quarter. NewEdge Advisors LLC owned about 0.10% of Invesco S&P 500 Equal Weight ETF worth $86,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $29,000. Hurley Capital LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period. Asset Dedication LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $36,000. Basepoint Wealth LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $40,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $42,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5%

NYSEARCA RSP opened at $218.58 on Friday. The company has a market cap of $98.78 billion, a P/E ratio of 20.10 and a beta of 0.91. The company has a fifty day simple moving average of $212.63 and a 200 day simple moving average of $204.35. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $221.09.

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.