HFG Advisors Inc. Invests $244,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

HFG Advisors Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,394 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Partners Group Inc purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $294,000. Panoramic Investment Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 9.0% during the fourth quarter. Panoramic Investment Advisors LLC now owns 3,748 shares of the company’s stock worth $657,000 after purchasing an additional 311 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 13.3% during the fourth quarter. Catalina Capital Group LLC now owns 21,598 shares of the company’s stock worth $3,785,000 after purchasing an additional 2,542 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $350,000. Finally, Sterling Manor Financial LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 2.0% during the fourth quarter. Sterling Manor Financial LLC now owns 68,605 shares of the company’s stock worth $12,022,000 after purchasing an additional 1,376 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $181.24 on Monday. The stock has a market cap of $60.70 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $155.79 and a fifty-two week high of $188.16. The firm’s 50-day simple moving average is $180.27 and its 200 day simple moving average is $177.18.

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).