Dale Q Rice Investment Management Ltd Makes New $1.60 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Dale Q Rice Investment Management Ltd bought 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 and Exchange Commission. The fund bought 9,147 shares of the company’s stock, valued at approximately $1,603,000. Invesco S&P 500 Equal Weight ETF comprises about 0.7% of Dale Q Rice Investment Management Ltd’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also modified their holdings of RSP. Riversedge Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after purchasing an additional 7,883 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 39.6% in the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after buying an additional 173 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock valued at $6,614,000 after buying an additional 6,001 shares during the last quarter. Brightwater Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $3,227,000. Finally, Montis Financial LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after acquiring an additional 21,202 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

Shares of RSP stock opened at $174.67 on Tuesday. The business has a 50 day moving average of $180.85 and a two-hundred day moving average of $175.71. The company has a market cap of $58.50 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16.

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).