Brindle & Bay Financial Advisors LLC Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Brindle & Bay Financial Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,439 shares of the company’s stock, valued at approximately $1,808,000. Invesco S&P 500 Equal Weight ETF accounts for about 1.2% of Brindle & Bay Financial Advisors LLC’s portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSP. Brighton Jones LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $83,931,000. Bison Wealth LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $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 bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $11,553,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $279,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $202.03 on Friday. The firm has a 50-day moving average of $198.02 and a 200-day moving average of $194.66. Invesco S&P 500 Equal Weight ETF has a one year low of $165.39 and a one year high of $205.24. The company has a market cap of $87.72 billion, a PE ratio of 20.10 and a beta of 0.94.

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.