Rockport Wealth LLC Makes New $646,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Rockport Wealth LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,408 shares of the company’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennicott Capital Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.2% in the third quarter. Kennicott Capital Management LLC now owns 19,949 shares of the company’s stock valued at $3,784,000 after purchasing an additional 620 shares in the last quarter. Inlet Private Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.5% in the third quarter. Inlet Private Wealth LLC now owns 3,571 shares of the company’s stock worth $677,000 after purchasing an additional 424 shares in the last quarter. Davidson Kahn Capital Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 10.4% in the third quarter. Davidson Kahn Capital Management LLC now owns 79,565 shares of the company’s stock valued at $15,107,000 after purchasing an additional 7,501 shares during the period. Jmac Enterprises LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.0% in the 3rd quarter. Jmac Enterprises LLC now owns 6,389 shares of the company’s stock worth $1,212,000 after buying an additional 188 shares during the period. Finally, Flagship Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 104.5% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 1,139 shares of the company’s stock valued at $216,000 after acquiring an additional 582 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $198.77 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $200.78. The firm has a market cap of $82.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The business’s fifty day moving average is $192.97 and its 200 day moving average is $189.31.

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.