Redmont Wealth Advisors LLC Acquires 1,403 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Redmont Wealth Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,755 shares of the company’s stock after buying an additional 1,403 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 13.9% of Redmont Wealth Advisors LLC’s holdings, making the stock its biggest holding. Redmont Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSP. Beaumont Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in 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 raised its position in Invesco S&P 500 Equal Weight ETF by 4.7% in 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 position in Invesco S&P 500 Equal Weight ETF by 2.2% in the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after purchasing an additional 63 shares during the last quarter. Abound Wealth Management boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.6% in the fourth quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after purchasing an additional 63 shares in the last quarter. Finally, Delta Investment Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock worth $2,603,000 after purchasing an additional 65 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4 %

Shares of NYSEARCA RSP opened at $181.49 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $155.79 and a 1-year high of $188.16. The company has a 50-day moving average of $180.41 and a two-hundred day moving average of $176.37. The company has a market cap of $60.79 billion, a PE ratio of 20.44 and a beta of 0.90.

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).