Bay Capital Advisors LLC Invests $1.10 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bay Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,262 shares of the company’s stock, valued at approximately $1,097,000. Invesco S&P 500 Equal Weight ETF accounts for about 0.9% of Bay Capital Advisors LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 157.1% during 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 in the last quarter. Van ECK Associates Corp lifted its stake in Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares in the last quarter. FPC Investment Advisory Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $28,000. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $29,000. Finally, Hemington Wealth Management increased its stake in Invesco S&P 500 Equal Weight ETF by 84.0% during the fourth quarter. Hemington Wealth Management now owns 184 shares of the company’s stock worth $32,000 after purchasing an additional 84 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $175.69 on Tuesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $158.83 and a fifty-two week high of $188.16. The company has a 50 day moving average price of $178.68 and a 200 day moving average price of $179.13. The stock has a market capitalization of $73.19 billion, a P/E ratio of 20.93 and a beta of 1.07.

Invesco S&P 500 Equal Weight ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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).