Magnolia Capital Advisors LLC Invests $350,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Magnolia Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,000 shares of the company’s stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also bought and sold shares of RSP. SJS Investment Consulting Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during 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 during the last quarter. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $28,000. GHP Investment Advisors Inc. lifted its stake 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 valued at $29,000 after purchasing an additional 72 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $29,000. Finally, Richardson Financial Services Inc. lifted its stake in shares of 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 valued at $29,000 after acquiring an additional 83 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $181.24 on Monday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16. The company has a fifty day moving average price of $180.27 and a 200-day moving average price of $177.13. The company has a market capitalization of $60.70 billion, a P/E 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).