Modern Wealth Management LLC Acquires 2,382 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Modern Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,831 shares of the company’s stock after buying an additional 2,382 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,934,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 88 shares during the period. Van ECK Associates Corp boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after purchasing an additional 78 shares in the last quarter. FPC Investment Advisory Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $28,000. Truvestments Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $29,000. Finally, Hemington Wealth Management lifted its holdings in Invesco S&P 500 Equal Weight ETF by 84.0% in the fourth quarter. Hemington Wealth Management now owns 184 shares of the company’s stock worth $32,000 after buying an additional 84 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $175.69 on Tuesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $158.83 and a fifty-two week high of $188.16. The company has a market capitalization of $73.19 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07. The business’s 50 day moving average price is $178.68 and its two-hundred day moving average price is $179.13.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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).