Baird Financial Group Inc. Buys 44,153 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Baird Financial Group Inc. raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Rating) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,070 shares of the company’s stock after purchasing an additional 44,153 shares during the period. Baird Financial Group Inc. owned approximately 0.17% of Invesco S&P 500 Equal Weight ETF worth $49,139,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $26,000. Carolinas Wealth Consulting LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $32,000. SOA Wealth Advisors LLC. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $31,000. Bourgeon Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $32,000. Finally, Mach 1 Financial Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $37,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $140.70 on Wednesday. The company has a 50-day moving average of $148.38 and a 200-day moving average of $142.56. The company has a market capitalization of $33.58 billion, a price-to-earnings ratio of 16.13 and a beta of 1.06. Invesco S&P 500 Equal Weight ETF has a 52 week low of $124.92 and a 52 week high of $161.24.

Invesco S&P 500 Equal Weight ETF Profile

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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).