3,919 Shares in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Bought by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,919 shares of the company’s stock, valued at approximately $687,000. Invesco S&P 500 Equal Weight ETF comprises 0.6% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beaumont Financial Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after purchasing an additional 58 shares during the last quarter. Boston Standard Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the fourth quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock valued at $300,000 after buying an additional 61 shares during the last quarter. CPA Asset Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the third quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after buying an additional 62 shares during the period. Inlet Private Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 2.2% in the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after buying an additional 63 shares in the last quarter. Finally, Abound Wealth Management increased its position in Invesco S&P 500 Equal Weight ETF by 1.6% in the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after acquiring an additional 63 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $179.70 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $156.16 and a 1-year high of $188.16. The company has a market capitalization of $60.19 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s fifty day moving average price is $179.38 and its two-hundred day moving average price is $177.77.

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).