Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Position Raised by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 56,541 shares of the company’s stock after acquiring an additional 2,094 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 13.0% of Redmont Wealth Advisors LLC’s portfolio, making the stock its largest holding. Redmont Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,922,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Ironwood Wealth Management LLC. increased its stake in Invesco S&P 500 Equal Weight ETF by 59.6% during the 1st quarter. Ironwood Wealth Management LLC. now owns 8,585 shares of the company’s stock valued at $1,354,000 after purchasing an additional 3,207 shares in the last quarter. BlackRock Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the first quarter. BlackRock Inc. now owns 170,508 shares of the company’s stock valued at $26,891,000 after acquiring an additional 663 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Invesco S&P 500 Equal Weight ETF by 25.7% in the 1st quarter. Vontobel Holding Ltd. now owns 11,000 shares of the company’s stock worth $1,735,000 after acquiring an additional 2,250 shares during the last quarter. Baird Financial Group Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 46.5% in the 1st quarter. Baird Financial Group Inc. now owns 333,958 shares of the company’s stock worth $52,669,000 after acquiring an additional 105,955 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Invesco S&P 500 Equal Weight ETF by 89.8% in the 1st quarter. Mather Group LLC. now owns 2,604 shares of the company’s stock valued at $411,000 after acquiring an additional 1,232 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2 %

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $0.24 on Friday, reaching $159.45. The company’s stock had a trading volume of 5,515,873 shares, compared to its average volume of 6,638,146. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The firm’s fifty day simple moving average is $163.82 and its two-hundred day simple moving average is $154.12. The company has a market capitalization of $54.14 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.

Invesco S&P 500 Equal Weight ETF Company 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).