Chesley Taft & Associates LLC Takes $603,000 Position in Invesco S&P 500 Equal Weight ETF $RSP

Chesley Taft & Associates LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,147 shares of the company’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $29,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $32,000. Finally, IMA Advisory Services Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $33,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2%

RSP stock opened at $188.07 on Tuesday. The stock has a 50-day moving average price of $198.67 and a two-hundred day moving average price of $193.49. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The stock has a market cap of $77.99 billion, a PE ratio of 20.10 and a beta of 0.99.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.