USA Financial Formulas Acquires Shares of 4,037 Invesco S&P 500 Equal Weight ETF $RSP

USA Financial Formulas bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,037 shares of the company’s stock, valued at approximately $775,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $29,000. Brandywine Financial Group increased its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Hurley Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Asset Dedication LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $36,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0%

RSP opened at $222.77 on Friday. The firm has a market capitalization of $100.67 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $222.96. The firm’s 50-day moving average price is $214.06 and its 200 day moving average price is $205.26.

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.