Peak Financial Management Inc. Takes $12.97 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Peak Financial Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,378 shares of the company’s stock, valued at approximately $12,967,000. Invesco S&P 500 Equal Weight ETF comprises 3.8% of Peak Financial Management Inc.’s portfolio, making the stock its 5th biggest holding.

A number of other hedge funds also recently bought and sold shares of RSP. Fairman Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter valued at $27,000. DHJJ Financial Advisors Ltd. increased its position in Invesco S&P 500 Equal Weight ETF by 107.5% in the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Creekmur Asset Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 86.5% in the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares in the last quarter. Central Bank & Trust Co. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $36,000. Finally, Goodman Advisory Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $39,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

RSP traded down $0.82 during midday trading on Tuesday, reaching $180.40. The company had a trading volume of 5,151,583 shares, compared to its average volume of 6,151,763. The business has a 50-day moving average of $174.15 and a two-hundred day moving average of $168.46. The company has a market cap of $60.42 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $182.22.

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).