Invesco S&P 500 Equal Weight ETF $RSP Position Lifted by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,544 shares of the company’s stock after purchasing an additional 3,320 shares during the period. Joel Isaacson & Co. LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highland Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $26,000. Brandywine Financial Group grew its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the last quarter. Valley National Advisers Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $31,000. Rogco LP bought a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $34,000. Finally, Asset Dedication LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $222.65 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $224.20. The firm has a market capitalization of $105.79 billion, a P/E ratio of 20.90 and a beta of 0.92. The company’s 50-day moving average is $214.92 and its 200 day moving average is $208.60.

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.