Horizon Wealth Management LLC Purchases 250,391 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Horizon Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1,081.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,543 shares of the company’s stock after acquiring an additional 250,391 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 9.8% of Horizon Wealth Management LLC’s holdings, making the stock its 2nd largest position. Horizon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $49,008,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Culbertson A N & Co. Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $314,000. Twelve Points Wealth Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.9% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 13,479 shares of the company’s stock worth $2,415,000 after buying an additional 502 shares during the period. Kaydan Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 37.7% in the 3rd quarter. Kaydan Wealth Management Inc. now owns 148,544 shares of the company’s stock valued at $26,613,000 after buying an additional 40,670 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 27.8% during the third quarter. Vontobel Holding Ltd. now owns 16,904 shares of the company’s stock worth $3,029,000 after purchasing an additional 3,679 shares in the last quarter. Finally, Peoples Financial Services CORP. raised its position in Invesco S&P 500 Equal Weight ETF by 582.5% in the 3rd quarter. Peoples Financial Services CORP. now owns 1,870 shares of the company’s stock worth $335,000 after purchasing an additional 1,596 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $181.62 on Thursday. The company has a market cap of $60.83 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock’s fifty day moving average price is $174.84 and its two-hundred day moving average price is $168.63. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $182.22.

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).