Trueblood Wealth Management LLC Raises Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Trueblood Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,003 shares of the company’s stock after purchasing an additional 2,750 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 0.9% of Trueblood Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Trueblood Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pettinga Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $529,000. Massachusetts Wealth Management increased its position in shares of Invesco S&P 500 Equal Weight ETF by 38.5% during the third quarter. Massachusetts Wealth Management now owns 2,851 shares of the company’s stock valued at $511,000 after acquiring an additional 792 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $1,854,000. Silver Oak Securities Incorporated grew its holdings in Invesco S&P 500 Equal Weight ETF by 75.5% during the third quarter. Silver Oak Securities Incorporated now owns 20,062 shares of the company’s stock valued at $3,590,000 after purchasing an additional 8,633 shares during the period. Finally, Nicholson Wealth Management Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $612,000.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5 %

Shares of NYSEARCA RSP opened at $178.15 on Friday. The stock has a fifty day simple moving average of $176.36 and a two-hundred day simple moving average of $169.17. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $182.22. The firm has a market cap of $59.67 billion, a price-to-earnings 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).