Hamilton Wealth LLC Invests $596,000 in Invesco S&P 500 Equal Weight ETF $RSP

Hamilton Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,105 shares of the company’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley raised its position in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after acquiring an additional 959,176 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after acquiring an additional 3,567,441 shares during the period. Invesco Ltd. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 4.6% in the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after acquiring an additional 444,846 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares during the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $215.01 on Monday. The firm’s 50-day moving average is $211.72 and its 200-day moving average is $203.78. The stock has a market cap of $97.26 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 $179.94 and a 52-week high of $218.11.

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). 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.