David Wealth Management LLC Acquires New Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

David Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,856 shares of the company’s stock, valued at approximately $501,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.4% of David Wealth Management LLC’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds also recently modified their holdings of RSP. SJS Investment Consulting Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after purchasing an additional 88 shares during the period. Eastern Bank purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $28,000. Richardson Financial Services Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $180.75 on Wednesday. The stock has a market cap of $60.54 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s fifty day moving average price is $179.49 and its 200-day moving average price is $177.69. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $156.16 and a fifty-two week high of $188.16.

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).