ZRC Wealth Management LLC Acquires 5,611 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

ZRC Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 46.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,790 shares of the company’s stock after buying an additional 5,611 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.5% of ZRC Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. ZRC Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Morgan Stanley increased its stake in 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 worth $2,683,772,000 after acquiring an additional 2,153,993 shares during the last quarter. UBS Group AG increased its position in Invesco S&P 500 Equal Weight ETF by 1.5% in the fourth quarter. UBS Group AG now owns 6,039,483 shares of the company’s stock worth $953,030,000 after purchasing an additional 90,811 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $860,010,000. Balyasny Asset Management L.P. bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $671,392,000. Finally, Ameriprise Financial Inc. lifted its position 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 valued at $449,410,000 after purchasing an additional 1,082,620 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $0.07 during trading hours on Thursday, reaching $163.75. The company’s stock had a trading volume of 2,745,124 shares, compared to its average volume of 6,023,526. The firm has a 50 day moving average price of $164.79 and a 200-day moving average price of $162.19. The stock has a market cap of $54.85 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $169.80.

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).