Madison Park Capital Advisors LLC Buys New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Madison Park Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 6,885 shares of the company’s stock, valued at approximately $1,086,000. Invesco S&P 500 Equal Weight ETF comprises approximately 1.0% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSP. DAVENPORT & Co LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.7% in the third quarter. DAVENPORT & Co LLC now owns 83,082 shares of the company’s stock worth $11,772,000 after purchasing an additional 2,201 shares in the last quarter. Park Place Capital Corp raised its holdings in Invesco S&P 500 Equal Weight ETF by 16.7% in the third quarter. Park Place Capital Corp now owns 12,832 shares of the company’s stock worth $1,818,000 after purchasing an additional 1,835 shares in the last quarter. Bellecapital International Ltd. bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $9,493,000. Founders Financial Securities LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 66.6% in the third quarter. Founders Financial Securities LLC now owns 27,220 shares of the company’s stock worth $3,857,000 after purchasing an additional 10,882 shares in the last quarter. Finally, SJS Investment Consulting Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $26,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9 %

RSP traded up $1.43 during trading on Tuesday, reaching $162.46. The stock had a trading volume of 3,997,270 shares, compared to its average volume of 6,627,177. The stock’s 50 day moving average is $163.96 and its two-hundred day moving average is $154.79. The company has a market capitalization of $55.16 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $169.80.

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).