Covenant Asset Management LLC Buys 88 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Covenant Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,457 shares of the company’s stock after purchasing an additional 88 shares during the period. Covenant Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $222,000. Telos Capital Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.9% during the 4th quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock valued at $3,053,000 after purchasing an additional 808 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after purchasing an additional 173 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock valued at $23,455,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Port Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 12.7% during the 3rd quarter. Port Capital LLC now owns 101,565 shares of the company’s stock valued at $18,196,000 after purchasing an additional 11,455 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $181.08 on Friday. The business’s 50 day simple moving average is $179.16 and its two-hundred day simple moving average is $177.80. The firm has a market cap of $60.65 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-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).