Red Tortoise LLC Invests $517,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Red Tortoise LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,276 shares of the company’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $694,000. Archer Investment Corp grew its holdings in Invesco S&P 500 Equal Weight ETF by 118.9% during the fourth quarter. Archer Investment Corp now owns 46,357 shares of the company’s stock worth $7,315,000 after acquiring an additional 25,177 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Invesco S&P 500 Equal Weight ETF by 484.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 29,518 shares of the company’s stock worth $4,661,000 after acquiring an additional 24,468 shares during the period. Guidance Capital Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 22.6% during the fourth quarter. Guidance Capital Inc. now owns 16,284 shares of the company’s stock worth $2,571,000 after acquiring an additional 2,997 shares during the period. Finally, TRUE Private Wealth Advisors grew its holdings in Invesco S&P 500 Equal Weight ETF by 14.7% during the fourth quarter. TRUE Private Wealth Advisors now owns 301,705 shares of the company’s stock worth $47,609,000 after acquiring an additional 38,702 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2 %

RSP traded down $0.33 during trading on Wednesday, hitting $159.36. The company’s stock had a trading volume of 8,055,502 shares, compared to its average volume of 6,657,381. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $169.80. The business’s fifty day simple moving average is $163.79 and its 200 day simple moving average is $154.04. The firm has a market capitalization of $54.11 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.

About Invesco S&P 500 Equal Weight ETF

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).