Hemington Wealth Management Grows Position in Invesco S&P 500 Equal Weight ETF $RSP

Hemington Wealth Management lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4,520.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,620 shares of the company’s stock after purchasing an additional 4,520 shares during the quarter. Hemington Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $876,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $83,931,000. Bison Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $11,553,000. Finally, Integrity Alliance LLC. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 85.4% in the first quarter. Integrity Alliance LLC. now owns 2,386 shares of the company’s stock valued at $413,000 after buying an additional 1,099 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $197.60 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $198.07. The company has a market cap of $77.97 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock has a 50 day simple moving average of $190.82 and a 200-day simple moving average of $188.25.

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.