Collective Family Office LLC Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Collective Family Office LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 164.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,688 shares of the company’s stock after acquiring an additional 3,538 shares during the quarter. Collective Family Office LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Eastern Bank bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. Richardson Financial Services Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the third 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 period. GHP Investment Advisors Inc. lifted its position 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 acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $29,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 146.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP traded down $0.59 during midday trading on Wednesday, reaching $175.02. The stock had a trading volume of 2,741,448 shares, compared to its average volume of 6,742,114. The company has a market capitalization of $58.62 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s 50 day moving average price is $181.01 and its 200-day moving average price is $175.42. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16.

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).