BlueChip Wealth Advisors LLC Purchases Shares of 53,541 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

BlueChip Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,541 shares of the company’s stock, valued at approximately $8,449,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 5.9% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $860,010,000. Balyasny Asset Management L.P. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $671,392,000. Morgan Stanley boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after purchasing an additional 2,153,993 shares during the last quarter. Chai Trust Co. LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 926.0% during the third quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after acquiring an additional 1,539,527 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 53.1% during the third quarter. Ameriprise Financial Inc. now owns 3,120,094 shares of the company’s stock worth $449,410,000 after acquiring an additional 1,082,620 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7 %

NYSEARCA RSP traded up $1.19 on Monday, hitting $164.87. 4,229,642 shares of the company were exchanged, compared to its average volume of 6,132,791. The company has a market cap of $55.22 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The stock has a fifty day moving average of $164.17 and a 200-day moving average of $161.21.

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).