Bristlecone Advisors LLC Invests $33,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bristlecone Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 182 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SteelPeak Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 37.0% during the 1st quarter. SteelPeak Wealth LLC now owns 4,828 shares of the company’s stock worth $818,000 after purchasing an additional 1,303 shares during the last quarter. Panoramic Investment Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 20.0% during the 1st quarter. Panoramic Investment Advisors LLC now owns 3,210 shares of the company’s stock worth $544,000 after purchasing an additional 535 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $178,000. Capital Advisors Ltd. LLC grew its position in Invesco S&P 500 Equal Weight ETF by 2.5% in the 1st quarter. Capital Advisors Ltd. LLC now owns 84,428 shares of the company’s stock valued at $14,300,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Buffington Mohr McNeal boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 43.2% in the first quarter. Buffington Mohr McNeal now owns 37,913 shares of the company’s stock valued at $6,421,000 after purchasing an additional 11,437 shares during the period.

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

Shares of RSP opened at $178.11 on Monday. The company has a market cap of $59.66 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $182.22. The firm’s 50 day moving average price is $176.50 and its 200 day moving average price is $169.29.

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).