Hudson Oak Wealth Advisory LLC Buys New Shares in Invesco S&P 500 Equal Weight ETF $RSP
by Teresa Graham · The Cerbat GemHudson Oak Wealth Advisory LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,983 shares of the company’s stock, valued at approximately $1,529,000. Invesco S&P 500 Equal Weight ETF comprises about 1.3% of Hudson Oak Wealth Advisory LLC’s investment portfolio, making the stock its 28th biggest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $26,000. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. Aviso Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $28,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $32,000. Finally, IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $33,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA:RSP opened at $196.65 on Monday. The firm has a market capitalization of $86.85 billion, a PE ratio of 20.10 and a beta of 0.94. The business has a 50-day moving average of $197.94 and a two-hundred day moving average of $193.86. Invesco S&P 500 Equal Weight ETF has a 12 month low of $157.69 and a 12 month high of $205.24.
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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.