Golden State Wealth Management LLC Takes $459,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Golden State Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,620 shares of the company’s stock, valued at approximately $459,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after purchasing an additional 88 shares during the period. Eastern Bank bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after acquiring an additional 72 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $29,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $180.22 on Friday. The company’s 50 day simple moving average is $179.77 and its 200 day simple moving average is $177.39. Invesco S&P 500 Equal Weight ETF has a 1 year low of $156.16 and a 1 year high of $188.16. The stock has a market capitalization of $60.36 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).