Savvy Advisors Inc. Raises Stake in Invesco S&P 500 Equal Weight ETF $RSP

Savvy Advisors Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 751.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,520 shares of the company’s stock after purchasing an additional 28,700 shares during the quarter. Savvy Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,230,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RSP. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $26,000. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $32,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.09 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The stock has a market cap of $85.47 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company has a fifty day moving average price of $198.20 and a 200 day moving average price of $193.57.

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.