Silverlake Wealth Management LLC Buys 750 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Silverlake Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,510 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Sandy Cove Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $222,000. Riversedge Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after purchasing an additional 7,883 shares during the period. Blue Trust Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after purchasing an additional 173 shares during the period. Montis Financial LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after acquiring an additional 21,202 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the third quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock valued at $23,455,000 after acquiring an additional 2,206 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $180.47 on Wednesday. The company has a market capitalization of $60.45 billion, a PE ratio of 20.44 and a beta of 0.90. The company has a 50-day simple moving average of $180.14 and a two-hundred day simple moving average of $177.25. Invesco S&P 500 Equal Weight ETF has a one year low of $156.13 and a one year 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).