Crescent Grove Advisors LLC Has $2.55 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Crescent Grove Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 183.3% during the first quarter, Holdings Channel reports. The firm owned 13,268 shares of the company’s stock after purchasing an additional 8,585 shares during the period. Crescent Grove Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $26,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Hurley Capital LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $213.37 on Friday. The company has a market capitalization of $95.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock’s 50 day simple moving average is $209.58 and its 200 day simple moving average is $202.35. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37.

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.