Blue Capital Inc. Invests $2.75 Million in Invesco S&P 500 Equal Weight ETF $RSP

Blue Capital Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 14,333 shares of the company’s stock, valued at approximately $2,751,000. Invesco S&P 500 Equal Weight ETF comprises 1.8% of Blue Capital Inc.’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds also recently bought and sold shares of RSP. Cary Street Partners Investment Advisory LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 5.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares during the last quarter. Ballast Rock Private Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares during the last quarter. Pacific Point Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares during the last quarter. Merkkuri Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after purchasing an additional 54 shares during the period. Finally, Jessup Wealth Management Inc lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

RSP opened at $214.91 on Friday. The company’s 50 day moving average is $207.09 and its 200 day moving average is $200.79. The company has a market cap of $93.84 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $215.61.

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.