Purkiss Capital Advisors LLC Acquires New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Purkiss Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,294 shares of the company’s stock, valued at approximately $1,453,000. Invesco S&P 500 Equal Weight ETF comprises about 1.3% of Purkiss Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSP. Pettinga Financial Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $529,000. Stephens Inc. AR lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 26.8% during the third quarter. Stephens Inc. AR now owns 63,496 shares of the company’s stock worth $11,376,000 after acquiring an additional 13,414 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.4% in the third quarter. Principal Securities Inc. now owns 24,117 shares of the company’s stock worth $4,321,000 after acquiring an additional 1,666 shares during the period. Hills Bank & Trust Co grew its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% in the third quarter. Hills Bank & Trust Co now owns 1,912 shares of the company’s stock valued at $343,000 after purchasing an additional 92 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 6.8% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 112,906 shares of the company’s stock valued at $20,228,000 after purchasing an additional 7,236 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $180.18 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The stock’s 50-day simple moving average is $179.15 and its 200 day simple moving average is $178.92. The stock has a market capitalization of $74.90 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07.

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).