Gries Financial LLC Invests $235,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Gries Financial LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,628 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. Gateway Advisory LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 9,007.8% during the 1st quarter. Gateway Advisory LLC now owns 13,837,665 shares of the company’s stock worth $13,838,000 after purchasing an additional 13,685,733 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 104,839.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,956,524 shares of the company’s stock valued at $1,123,859,000 after acquiring an additional 7,948,942 shares during the period. Bank of America Corp DE grew its stake in Invesco S&P 500 Equal Weight ETF by 24.2% in the 4th quarter. Bank of America Corp DE now owns 11,938,800 shares of the company’s stock valued at $1,686,355,000 after acquiring an additional 2,326,405 shares during the period. Morgan Stanley grew its stake in Invesco S&P 500 Equal Weight ETF by 11.1% in the 4th quarter. Morgan Stanley now owns 14,772,231 shares of the company’s stock valued at $2,086,578,000 after acquiring an additional 1,474,149 shares during the period. Finally, Cowa LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 13,794.7% in the 1st quarter. Cowa LLC now owns 942,754 shares of the company’s stock valued at $35,000 after acquiring an additional 935,969 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $147.10 on Thursday. The company’s fifty day moving average price is $150.63 and its 200 day moving average price is $146.20. Invesco S&P 500 Equal Weight ETF has a 1 year low of $124.92 and a 1 year high of $155.77. The stock has a market capitalization of $41.58 billion, a P/E ratio of 16.13 and a beta of 1.05.

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).