Drucker Wealth 3.0 LLC Buys Shares of 2,501 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Drucker Wealth 3.0 LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,501 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after purchasing an additional 2,328,560 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $671,392,000. LPL Financial LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% during the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after buying an additional 34,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after acquiring an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $178.29 on Friday. The company has a market cap of $59.72 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $178.82. The firm has a fifty day moving average price of $171.58 and a 200-day moving average price of $167.33.

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).