Compass Capital Corp MA ADV Has $5.46 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Compass Capital Corp MA ADV boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 450.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,829 shares of the company’s stock after purchasing an additional 21,954 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.1% of Compass Capital Corp MA ADV’s holdings, making the stock its 12th largest position. Compass Capital Corp MA ADV’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,457,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Brookstone Capital Management grew its position in Invesco S&P 500 Equal Weight ETF by 2.5% during the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares during the last quarter. Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $1,654,000. Allen Investment Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares during the last quarter. Empirical Asset Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 417.0% during the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after acquiring an additional 9,311 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $4,966,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $209.75 on Friday. The stock’s fifty day moving average price is $203.02 and its two-hundred day moving average price is $198.65. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.98 and a 52-week high of $210.95. The company has a market cap of $90.49 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

Invesco S&P 500 Equal Weight ETF Company 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.