SVB Wealth LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

SVB Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,367 shares of the company’s stock, valued at approximately $765,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Beta Wealth Group Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after purchasing an additional 150 shares in the last quarter. Sandy Cove Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $222,000. Strategic Financial Concepts LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 84.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock valued at $12,958,000 after buying an additional 33,861 shares in the last quarter. Telos Capital Management Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 4.9% during the fourth quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock worth $3,053,000 after buying an additional 808 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after buying an additional 78 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 1.1 %

NYSEARCA:RSP opened at $178.26 on Tuesday. The stock has a market capitalization of $74.10 billion, a P/E ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16. The firm has a 50 day moving average of $179.19 and a 200-day moving average of $179.05.

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).