Cabot Wealth Management Inc. Increases Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Cabot Wealth Management Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.4% in the fourth quarter, Holdings Channel reports. The firm owned 58,547 shares of the company’s stock after acquiring an additional 4,561 shares during the period. Cabot Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sigma Investment Counselors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $20,852,000. D.B. Root & Company LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 28.9% during the 4th quarter. D.B. Root & Company LLC now owns 7,677 shares of the company’s stock worth $1,471,000 after purchasing an additional 1,721 shares during the period. Encompass More Asset Management boosted its position in Invesco S&P 500 Equal Weight ETF by 56.6% during the 4th quarter. Encompass More Asset Management now owns 3,162 shares of the company’s stock worth $606,000 after purchasing an additional 1,143 shares during the period. Fire Capital Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 3.1% during the 4th quarter. Fire Capital Management LLC now owns 37,608 shares of the company’s stock worth $7,204,000 after purchasing an additional 1,137 shares during the period. Finally, Total Investment Management Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 1.4% during the 4th quarter. Total Investment Management Inc. now owns 342,244 shares of the company’s stock worth $65,560,000 after purchasing an additional 4,826 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $204.85 on Thursday. The company has a fifty day moving average price of $197.95 and a 200 day moving average price of $195.31. Invesco S&P 500 Equal Weight ETF has a twelve month low of $169.96 and a twelve month high of $205.51. The stock has a market cap of $88.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.