Purus Wealth Management LLC Makes New $273,000 Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Purus Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,560 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CPA Asset Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the third quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after buying an additional 62 shares during the period. Inlet Private Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after acquiring an additional 63 shares during the last quarter. Abound Wealth Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after acquiring an additional 63 shares in the last quarter. Delta Investment Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after purchasing an additional 65 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the second quarter. Founders Financial Alliance LLC now owns 2,852 shares of the company’s stock valued at $469,000 after purchasing an additional 67 shares during the last quarter.

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

Shares of RSP opened at $180.04 on Monday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $153.16 and a 12 month high of $188.16. The firm has a fifty day simple moving average of $180.54 and a 200 day simple moving average of $176.12. The stock has a market capitalization of $60.30 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).