Invesco S&P 500 Equal Weight ETF $RSP Shares Newly Acquired by Redmond Asset Management LLC

Redmond Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,257 shares of the company’s stock, valued at approximately $678,000.

Other hedge funds have also recently modified their holdings of the company. Beacon Advisors Holdings LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $219,000. Pinnacle Wealth Planning Services Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.9% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 17,607 shares of the company’s stock worth $3,663,000 after purchasing an additional 327 shares during the last quarter. VestGen Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. VestGen Advisors LLC now owns 94,566 shares of the company’s stock worth $19,672,000 after purchasing an additional 1,253 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $167,000. Finally, BLB&B Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 19.3% during the third quarter. BLB&B Advisors LLC now owns 1,391 shares of the company’s stock worth $289,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.0%

Shares of NYSEARCA RSP opened at $217.43 on Thursday. The stock has a market cap of $99.80 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The company has a 50-day moving average of $215.13 and a 200 day moving average of $207.53.

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.