Brightwater Advisory LLC Takes $3.23 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Brightwater Advisory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,646 shares of the company’s stock, valued at approximately $3,227,000. Invesco S&P 500 Equal Weight ETF makes up approximately 2.3% of Brightwater Advisory LLC’s portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VitalStone Financial LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $303,000. Optimum Investment Advisors boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 95.5% during the first quarter. Optimum Investment Advisors now owns 2,170 shares of the company’s stock valued at $368,000 after buying an additional 1,060 shares during the last quarter. Tran Capital Management L.P. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $434,000. Regal Wealth Group Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 653.6% during the fourth quarter. Regal Wealth Group Inc. now owns 19,540 shares of the company’s stock valued at $3,034,000 after buying an additional 16,947 shares during the last quarter. Finally, Destination Wealth Management boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% during the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock valued at $328,000 after buying an additional 96 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $178.21 on Wednesday. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $179.94. The stock has a market capitalization of $59.69 billion, a PE ratio of 20.44 and a beta of 0.90. The business’s fifty day moving average is $172.34 and its 200 day moving average is $167.71.

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).