Penobscot Wealth Management Increases Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Penobscot Wealth Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,475 shares of the company’s stock after purchasing an additional 462 shares during the period. Penobscot Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Keene & Associates Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 0.6% during the fourth quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock valued at $1,735,000 after buying an additional 56 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 2,857 shares of the company’s stock valued at $501,000 after acquiring an additional 56 shares in the last quarter. Beaumont Financial Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock worth $327,000 after purchasing an additional 58 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.6% in the 4th quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock worth $635,000 after purchasing an additional 58 shares in the last quarter. Finally, Boston Standard Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.7% during the 4th quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock valued at $300,000 after purchasing an additional 61 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $171.07 on Thursday. The firm has a market cap of $71.11 billion, a P/E ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $158.83 and a fifty-two week high of $188.16. The firm has a 50-day simple moving average of $178.91 and a two-hundred day simple moving average of $179.12.

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).