Abound Financial LLC Takes $1.66 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Abound Financial LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,457 shares of the company’s stock, valued at approximately $1,657,000. Invesco S&P 500 Equal Weight ETF makes up 0.8% of Abound Financial LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds also recently modified their holdings of the stock. SJS Investment Consulting Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 88 shares during the period. Van ECK Associates Corp grew its position in Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after purchasing an additional 78 shares during the period. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. FPC Investment Advisory Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $28,000. Finally, Richardson Financial Services Inc. grew its position in 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 purchasing an additional 83 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 1.4 %

NYSEARCA RSP opened at $179.82 on Friday. The company has a fifty day simple moving average of $178.93 and a 200 day simple moving average of $178.44. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The company has a market cap of $60.23 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).