1ST Source Bank Invests $647,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

1ST Source Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,610 shares of the company’s stock, valued at approximately $647,000.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James & Associates raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.1% during the second quarter. Raymond James & Associates now owns 1,535,193 shares of the company’s stock worth $252,201,000 after acquiring an additional 88,829 shares in the last quarter. Marshall Financial Group LLC raised its position in Invesco S&P 500 Equal Weight ETF by 11.2% in the 2nd quarter. Marshall Financial Group LLC now owns 17,711 shares of the company’s stock worth $2,910,000 after purchasing an additional 1,786 shares during the period. Ironwood Wealth Management LLC. lifted its stake in Invesco S&P 500 Equal Weight ETF by 10.5% in the second quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock worth $3,989,000 after purchasing an additional 2,317 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $352,000. Finally, Tiller Private Wealth Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.7% during the second quarter. Tiller Private Wealth Inc. now owns 117,384 shares of the company’s stock valued at $19,284,000 after buying an additional 3,079 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $182.16 on Friday. The business has a 50-day moving average of $182.01 and a 200 day moving average of $173.88. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.10 and a 1-year high of $188.16. The stock has a market capitalization of $61.01 billion, a PE ratio of 20.44 and a beta of 0.90.

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).