Cvfg LLC Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Cvfg LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,444 shares of the company’s stock, valued at approximately $3,758,000. Invesco S&P 500 Equal Weight ETF comprises about 3.4% of Cvfg LLC’s investment portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. CPA Asset Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 4.7% in the third quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after purchasing an additional 62 shares during the last quarter. Inlet Private Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after buying an additional 63 shares in the last quarter. Abound Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after buying an additional 63 shares in the last quarter. Delta Investment Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after buying an additional 65 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 2.4% during the 2nd quarter. Founders Financial Alliance LLC now owns 2,852 shares of the company’s stock worth $469,000 after acquiring an additional 67 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $179.17 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.10 and a 1-year high of $188.16. The stock has a market cap of $60.01 billion, a PE ratio of 20.44 and a beta of 0.90. The firm has a fifty day moving average price of $180.70 and a 200 day moving average price of $175.81.

Invesco S&P 500 Equal Weight ETF 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).