Prasad Wealth Partners LLC Grows Stake in Invesco S&P 500 Equal Weight ETF $RSP

Prasad Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,880 shares of the company’s stock after purchasing an additional 4,258 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 4.5% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Prasad Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,026,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RSP. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $26,000. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $28,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $33,000. Finally, Cloud Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $35,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $203.16 on Monday. The business’s fifty day simple moving average is $198.01 and its two-hundred day simple moving average is $194.27. Invesco S&P 500 Equal Weight ETF has a 12 month low of $157.71 and a 12 month high of $205.24. The company has a market capitalization of $88.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94.

About Invesco S&P 500 Equal Weight ETF

(Free Report)

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.

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