Truvestments Capital LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 164 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds also recently modified their holdings of RSP. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after purchasing an additional 6,352,369 shares during the period. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock valued at $732,879,000 after buying an additional 354,184 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after buying an additional 11,263 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Invesco S&P 500 Equal Weight ETF by 174.6% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock valued at $384,415,000 after buying an additional 1,488,000 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $187.05 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $146.09 and a 1 year high of $188.09. The stock’s fifty day moving average price is $180.49 and its two-hundred day moving average price is $172.51. The company has a market cap of $62.65 billion, a P/E 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).