Heritage Wealth Management Inc. Purchases New Shares in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Heritage Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,622 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSP. Advisory Alpha LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $230,000. Quantbot Technologies LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $687,000. SG Americas Securities LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $8,790,000. Retirement Planning Co of New England Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 30.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 1,764 shares of the company’s stock valued at $299,000 after purchasing an additional 412 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 2.1% during the first quarter. Wealthspire Advisors LLC now owns 12,648 shares of the company’s stock worth $2,142,000 after purchasing an additional 257 shares during the period.

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

RSP stock traded up $0.56 during mid-day trading on Friday, hitting $183.64. The stock had a trading volume of 347,201 shares, compared to its average volume of 6,046,128. The firm has a fifty day simple moving average of $177.34 and a 200 day simple moving average of $170.22. The firm has a market capitalization of $61.51 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $139.03 and a 52 week high of $183.67.

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).