Cherry Tree Wealth Management LLC Has $5.30 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Cherry Tree Wealth Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,257 shares of the company’s stock after buying an additional 3,581 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 1.3% of Cherry Tree Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Cherry Tree Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,302,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RSP. 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 worth $25,000 after buying an additional 88 shares during the period. FPC Investment Advisory Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $28,000. Van ECK Associates Corp increased its position in Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares during the period. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $28,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 1.4 %

Shares of NYSEARCA:RSP opened at $179.82 on Monday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The company’s 50 day moving average price is $178.93 and its two-hundred day moving average price is $178.55. The firm has a market cap of $60.23 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).