Ridgepath Capital Management LLC Buys New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Ridgepath Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, Holdings Channel.com reports. The fund purchased 6,167 shares of the company’s stock, valued at approximately $1,081,000. Invesco S&P 500 Equal Weight ETF makes up about 0.5% of Ridgepath Capital Management LLC’s holdings, making the stock its 23rd biggest holding.

Other large investors have also bought and sold shares of the company. Beaumont Financial Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after acquiring an additional 58 shares during the last quarter. CPA Asset Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after purchasing an additional 62 shares during the last quarter. Inlet Private Wealth LLC raised its stake in shares of 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 purchasing an additional 63 shares during the period. Abound Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after buying an additional 63 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.5% during the fourth quarter. Avior Wealth Management LLC now owns 4,272 shares of the company’s stock valued at $749,000 after buying an additional 64 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $182.74 on Friday. The firm has a market cap of $61.21 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $155.79 and a 52 week high of $188.16. The firm’s 50-day simple moving average is $180.39 and its two-hundred day simple moving average is $176.97.

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).