Edge Wealth Management LLC Buys 3,805 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Edge Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 122.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,918 shares of the company’s stock after purchasing an additional 3,805 shares during the quarter. Edge Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RSP. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. LPL Financial LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock valued at $732,879,000 after buying an additional 354,184 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock worth $436,792,000 after buying an additional 98,000 shares during the period. Citigroup Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 10.6% during the 3rd quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock worth $373,069,000 after buying an additional 198,793 shares during the period. Finally, Lbmc Investment Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.3% during the third quarter. Lbmc Investment Advisors LLC now owns 1,338,431 shares of the company’s stock worth $239,793,000 after acquiring an additional 4,661 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $179.17 on Friday. The company has a market capitalization of $60.01 billion, a P/E ratio of 20.44 and a beta of 0.90. The business has a 50-day moving average of $180.70 and a two-hundred day moving average of $175.81. Invesco S&P 500 Equal Weight ETF has a 1 year low of $153.10 and a 1 year high of $188.16.

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).