Beacon Capital Management LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Beacon Capital Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,223 shares of the company’s stock after purchasing an additional 83 shares during the quarter. Beacon Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $740,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after buying an additional 78 shares in the last quarter. Eastern Bank acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $28,000. Richardson Financial Services Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $181.08 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $158.83 and a 12 month high of $188.16. The firm has a market capitalization of $60.65 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day moving average price is $179.08 and its two-hundred day moving average price is $177.88.

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).