SwitchPoint Financial Planning LLC Purchases New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

SwitchPoint Financial Planning LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,587 shares of the company’s stock, valued at approximately $629,000. Invesco S&P 500 Equal Weight ETF comprises 0.6% of SwitchPoint Financial Planning LLC’s portfolio, making the stock its 29th largest holding.

Several other hedge funds have also recently bought and sold shares of RSP. Beta Wealth Group Inc. grew its stake in shares of 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 valued at $440,000 after acquiring an additional 150 shares in the last quarter. Tidemark LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 31.4% in the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after purchasing an additional 103 shares during the period. Ceera Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $267,000. Sandy Cove Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $222,000. Finally, Permanent Capital Management LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $25,956,000.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2 %

Shares of RSP stock opened at $175.27 on Wednesday. The stock has a market cap of $73.02 billion, a P/E ratio of 20.93 and a beta of 1.07. 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 50 day simple moving average of $178.66 and a 200 day simple moving average of $179.16.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

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

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).