Ground Swell Capital LLC Buys Shares of 9,577 Invesco S&P 500 Equal Weight ETF $RSP

Ground Swell Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,577 shares of the company’s stock, valued at approximately $1,817,000. Invesco S&P 500 Equal Weight ETF makes up about 4.0% of Ground Swell Capital LLC’s investment portfolio, making the stock its largest holding.

Several other large investors have also modified their holdings of RSP. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. GoalVest Advisory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at $34,000. Cloud Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $35,000. Finally, Copia Wealth Management boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 335.8% during the third quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after acquiring an additional 178 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 1.3%

Shares of RSP stock opened at $200.79 on Friday. The company has a market capitalization of $83.27 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm has a 50-day moving average price of $196.32 and a 200 day moving average price of $190.79. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24.

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.