Harbor Investment Advisory LLC Acquires 4,756 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Harbor Investment Advisory LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,419 shares of the company’s stock after acquiring an additional 4,756 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 0.9% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its 18th biggest position. Harbor Investment Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,391,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. VitalStone Financial LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $303,000. Optimum Investment Advisors increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 95.5% in 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 in the last quarter. Tran Capital Management L.P. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $434,000. Regal Wealth Group Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 653.6% during the 4th quarter. Regal Wealth Group Inc. now owns 19,540 shares of the company’s stock worth $3,034,000 after buying an additional 16,947 shares in the last quarter. Finally, Destination Wealth Management grew its holdings in Invesco S&P 500 Equal Weight ETF by 5.1% during the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after acquiring an additional 96 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP traded up $1.39 during trading on Friday, reaching $178.57. The company had a trading volume of 5,401,269 shares, compared to its average volume of 6,232,511. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $179.94. The business’s 50 day moving average price is $172.93 and its 200-day moving average price is $167.95. The stock has a market cap of $59.81 billion, a PE ratio of 20.44 and a beta of 0.90.

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).