Retirement Financial Solutions LLC Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

Retirement Financial Solutions LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, Holdings Channel reports. The firm purchased 58,219 shares of the company’s stock, valued at approximately $11,152,000. Invesco S&P 500 Equal Weight ETF accounts for 3.3% of Retirement Financial Solutions LLC’s holdings, making the stock its 14th largest position.

Other large investors have also recently modified their holdings of the company. Brookstone Capital Management raised its stake in Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after buying an additional 6,481 shares in the last quarter. Banta Asset Management LP bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $1,654,000. Allen Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after buying an additional 35,220 shares in the last quarter. Empirical Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 417.0% in the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after buying an additional 9,311 shares in the last quarter. Finally, Ballast Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Ballast Inc. now owns 91,721 shares of the company’s stock worth $17,399,000 after buying an additional 3,118 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $211.65 on Monday. The company has a market capitalization of $91.31 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $212.12. The firm has a 50 day moving average of $203.40 and a 200 day moving average of $198.83.

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.