Harbor Investment Advisory LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Harbor Investment Advisory LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,070 shares of the company’s stock after buying an additional 19,651 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.1% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its 14th largest position. Harbor Investment Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,629,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $28,000. GHP Investment Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $29,000. Richardson Financial Services Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5 %

Shares of RSP opened at $180.04 on Tuesday. The company has a 50 day moving average of $180.54 and a two-hundred day moving average of $176.12. The company has a market cap of $60.30 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $153.16 and a twelve month high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).