Teamwork Financial Advisors LLC Buys New Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Teamwork Financial Advisors LLC purchased a new position 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 and Exchange Commission (SEC). The firm purchased 11,767 shares of the company’s stock, valued at approximately $2,062,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Eastern Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Truvestments Capital LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $29,000. Richardson Financial Services Inc. raised its stake in 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 worth $29,000 after purchasing an additional 83 shares during the period. Finally, Bristlecone Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $181.49 on Thursday. The company has a market capitalization of $60.79 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company’s 50 day simple moving average is $180.36 and its 200-day simple moving average is $176.40. Invesco S&P 500 Equal Weight ETF has a 1 year low of $155.79 and a 1 year 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).