Parallel Advisors LLC Boosts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Parallel Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,952 shares of the company’s stock after purchasing an additional 1,069 shares during the period. Parallel Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beta Wealth Group Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 6.4% in the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock worth $440,000 after purchasing an additional 150 shares during the last quarter. Tidemark LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 31.4% in the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after purchasing an additional 103 shares during the last quarter. Ceera Investments LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $267,000. Sandy Cove Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $222,000. Finally, Permanent Capital Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $25,956,000.

Invesco S&P 500 Equal Weight ETF Trading Up 1.9 %

RSP stock opened at $172.66 on Monday. The stock’s fifty day simple moving average is $178.73 and its two-hundred day simple moving average is $179.11. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16. The stock has a market cap of $71.93 billion, a P/E ratio of 20.93 and a beta of 1.07.

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).