Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Position Lifted by Echo45 Advisors LLC

Echo45 Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 110.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 100,513 shares of the company’s stock after buying an additional 52,846 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 11.6% of Echo45 Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Echo45 Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RSP. Lake Hills Wealth Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 6.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 28,196 shares of the company’s stock valued at $4,941,000 after buying an additional 1,789 shares during the last quarter. Redmont Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the 4th quarter. Redmont Wealth Advisors LLC now owns 45,755 shares of the company’s stock worth $8,018,000 after purchasing an additional 1,403 shares during the period. Sharp Financial Services LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 41.3% in the 4th quarter. Sharp Financial Services LLC now owns 3,036 shares of the company’s stock valued at $532,000 after purchasing an additional 887 shares during the last quarter. Kelleher Financial Advisors increased its holdings in Invesco S&P 500 Equal Weight ETF by 185.1% in the 4th quarter. Kelleher Financial Advisors now owns 3,612 shares of the company’s stock valued at $633,000 after purchasing an additional 2,345 shares during the last quarter. Finally, Marino Stram & Associates LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 6.0% during the fourth quarter. Marino Stram & Associates LLC now owns 25,154 shares of the company’s stock worth $4,408,000 after buying an additional 1,433 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $181.49 on Thursday. The firm’s 50-day moving average is $180.41 and its two-hundred day moving average is $176.37. Invesco S&P 500 Equal Weight ETF has a 1 year low of $155.79 and a 1 year high of $188.16. The firm has a market capitalization of $60.79 billion, a PE ratio of 20.44 and a beta of 0.90.

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).