Valley Wealth Managers Inc. Has $14.48 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Valley Wealth Managers Inc. grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,459 shares of the company’s stock after purchasing an additional 18,560 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000. Hurley Capital LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

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

Invesco S&P 500 Equal Weight ETF stock opened at $213.37 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $216.37. The stock’s 50 day moving average is $209.58 and its 200-day moving average is $202.35. The company has a market capitalization of $95.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.