Glaxis Capital Management LLC Makes New $790,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Glaxis Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,165 shares of the company’s stock, valued at approximately $790,000. Invesco S&P 500 Equal Weight ETF accounts for about 1.3% of Glaxis Capital Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds have also recently made changes to their positions in the company. Investment Counsel Co. of Nevada acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $29,000. Tompkins Financial Corp purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $32,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $33,000. GoalVest Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $34,000. Finally, Cloud Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $202.87 on Friday. The firm has a 50 day simple moving average of $196.54 and a 200-day simple moving average of $190.94. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The firm has a market cap of $84.13 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.