Gilman Hill Asset Management LLC Purchases 8,626 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Gilman Hill Asset Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 93.6% during the fourth quarter, HoldingsChannel reports. The firm owned 17,842 shares of the company’s stock after purchasing an additional 8,626 shares during the period. Gilman Hill Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,126,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the 2nd 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 in the last quarter. LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock worth $732,879,000 after purchasing an additional 354,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Invesco S&P 500 Equal Weight ETF by 4.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock valued at $436,792,000 after buying an additional 98,000 shares during the period. Citigroup Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 10.6% during the third quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock valued at $373,069,000 after buying an additional 198,793 shares during the last quarter. Finally, Lbmc Investment Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the fourth quarter. Lbmc Investment Advisors LLC now owns 1,342,693 shares of the company’s stock worth $235,280,000 after buying an additional 4,262 shares during the period.

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

NYSEARCA RSP opened at $180.04 on Monday. The firm has a market cap of $60.30 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.16 and a 1-year high of $188.16. The stock has a 50-day moving average of $180.54 and a 200-day moving average of $176.12.

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).