Financial Planning Hawaii Inc. Purchases New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Financial Planning Hawaii Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,587 shares of the company’s stock, valued at approximately $3,752,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.2% of Financial Planning Hawaii Inc.’s portfolio, making the stock its 6th biggest position.

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

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $188.07 on Tuesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The firm has a market cap of $77.99 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s 50-day simple moving average is $198.67 and its 200-day simple moving average is $193.49.

Invesco S&P 500 Equal Weight ETF Company 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). 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.