Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stake Raised by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,330 shares of the company’s stock after purchasing an additional 2,563 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 4.1% of Sugarloaf Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Sugarloaf Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential PLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $2,446,000. Regal Investment Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.1% in the fourth quarter. Regal Investment Advisors LLC now owns 5,817 shares of the company’s stock valued at $918,000 after buying an additional 1,090 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.0% in the 4th quarter. Cresset Asset Management LLC now owns 2,879,877 shares of the company’s stock valued at $454,445,000 after buying an additional 188,443 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $671,392,000. Finally, VitalStone Financial LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $303,000.

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

Invesco S&P 500 Equal Weight ETF stock traded up $0.26 during midday trading on Tuesday, reaching $177.44. 1,531,363 shares of the stock traded hands, compared to its average volume of 6,197,149. The firm has a market cap of $59.43 billion, a PE ratio of 20.44 and a beta of 0.90. The company has a 50-day simple moving average of $172.93 and a two-hundred day simple moving average of $167.98. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $179.94.

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).