Parkside Investments LLC Acquires 2,599 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Parkside Investments LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,233 shares of the company’s stock after acquiring an additional 2,599 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.9% of Parkside Investments LLC’s holdings, making the stock its 11th biggest position. Parkside Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,369,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000. Finally, Cloud Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $35,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $206.58 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $173.00 and a 12 month high of $206.97. The business’s 50 day simple moving average is $198.72 and its 200 day simple moving average is $196.64. The company has a market cap of $89.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.