Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Position Boosted by Peak Asset Management LLC

Peak Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,121 shares of the company’s stock after purchasing an additional 1,769 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 3.0% of Peak Asset Management LLC’s portfolio, making the stock its 10th largest position. Peak Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Eastern Bank bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $28,000. Richardson Financial Services Inc. raised its holdings 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 valued at $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. DHJJ Financial Advisors Ltd. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 90 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1 %

NYSEARCA:RSP opened at $183.71 on Thursday. The firm has a market capitalization of $61.53 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $142.77 and a 1 year high of $185.79. The firm’s fifty day simple moving average is $178.06 and its 200 day simple moving average is $170.89.

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).