Quattro Financial Advisors LLC Increases Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Quattro Financial Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 105,029 shares of the company’s stock after purchasing an additional 4,704 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 6.3% of Quattro Financial Advisors LLC’s holdings, making the stock its 3rd biggest holding. Quattro Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cambridge Financial Group Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $28,000. Bridge Generations Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $29,000. Joseph Group Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Richardson Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $30,000. Finally, OLD Second National Bank of Aurora bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $31,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $185.18 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16. The company has a market capitalization of $74.34 billion, a P/E ratio of 20.10 and a beta of 1.05. The firm’s 50 day simple moving average is $176.99 and its 200 day simple moving average is $175.28.

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).