National Wealth Management Group LLC Acquires 2,956 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

National Wealth Management Group LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 123.9% in the third quarter, HoldingsChannel reports. The firm owned 5,342 shares of the company’s stock after purchasing an additional 2,956 shares during the period. National Wealth Management Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $957,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RSP. Tidal Investments LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 407.8% in the first quarter. Tidal Investments LLC now owns 8,099 shares of the company’s stock worth $1,372,000 after purchasing an additional 6,504 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Invesco S&P 500 Equal Weight ETF by 213.3% in the first quarter. Citizens Financial Group Inc. RI now owns 9,093 shares of the company’s stock worth $1,540,000 after purchasing an additional 6,191 shares in the last quarter. LRI Investments LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $43,000. First City Capital Management Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 6.3% in the first quarter. First City Capital Management Inc. now owns 1,881 shares of the company’s stock worth $319,000 after purchasing an additional 111 shares in the last quarter. Finally, Burney Co. increased its holdings in Invesco S&P 500 Equal Weight ETF by 137.5% in the first quarter. Burney Co. now owns 4,862 shares of the company’s stock worth $824,000 after purchasing an additional 2,815 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $187.06 on Thursday. The company has a market cap of $62.65 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $146.09 and a fifty-two week high of $188.09. The stock has a 50 day simple moving average of $180.31 and a two-hundred day simple moving average of $172.41.

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).