Birchcreek Wealth Management LLC Acquires 4,652 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Birchcreek Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,363 shares of the company’s stock after purchasing an additional 4,652 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 4.2% of Birchcreek Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Birchcreek Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,498,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $83,931,000. Bison Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $11,553,000. Finally, Rhumbline Advisers raised its position in Invesco S&P 500 Equal Weight ETF by 46.5% during the second quarter. Rhumbline Advisers now owns 22,322 shares of the company’s stock valued at $4,057,000 after acquiring an additional 7,086 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3%

Shares of NYSEARCA:RSP opened at $193.09 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The business has a 50 day moving average of $198.31 and a two-hundred day moving average of $193.50. The company has a market capitalization of $80.07 billion, a PE ratio of 20.10 and a beta of 0.99.

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). 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.