Guidance Capital Inc. Raises Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Guidance Capital Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 28.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,187 shares of the company’s stock after purchasing an additional 6,491 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.6% of Guidance Capital Inc.’s holdings, making the stock its 12th biggest holding. Guidance Capital Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in RSP. Fairman Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $27,000. Partnership Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $25,000. DHJJ Financial Advisors Ltd. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Creekmur Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 86.5% in the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 90 shares during the last quarter. Finally, Central Bank & Trust Co. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth about $36,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

NYSEARCA RSP traded up $1.35 during mid-day trading on Monday, reaching $175.87. 4,635,800 shares of the company’s stock traded hands, compared to its average volume of 6,229,519. The company has a fifty day simple moving average of $168.24 and a 200-day simple moving average of $165.77. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $175.96. The company has a market cap of $58.91 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).