Royal Harbor Partners LLC Makes New $5.26 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

Royal Harbor Partners LLC purchased 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 13F filing with the Securities & Exchange Commission. The firm purchased 27,385 shares of the company’s stock, valued at approximately $5,256,000. Invesco S&P 500 Equal Weight ETF accounts for 1.8% of Royal Harbor Partners LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $29,000. Hurley Capital LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in 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. Goodman Advisory Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $35,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $40,000. Institutional investors own 61.18% of the company’s stock.

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

Shares of NYSEARCA RSP opened at $214.91 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $215.61. The firm’s 50-day simple moving average is $207.09 and its 200 day simple moving average is $200.79. The stock has a market cap of $93.84 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.