Parkside Investments LLC Buys Shares of 4,180 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Parkside Investments LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,180 shares of the company’s stock, valued at approximately $625,000.

Several other hedge funds also recently made changes to their positions in the stock. Gateway Advisory LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 9,007.8% in 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 lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 104,839.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,956,524 shares of the company’s stock worth $1,123,859,000 after buying an additional 7,948,942 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 24.2% in the fourth 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% during the fourth 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 in the last quarter. Finally, Cowa LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 13,794.7% during the 1st quarter. Cowa LLC now owns 942,754 shares of the company’s stock worth $35,000 after acquiring an additional 935,969 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded down $1.00 during trading hours on Friday, hitting $147.83. The stock had a trading volume of 1,054,353 shares, compared to its average volume of 4,227,176. The company has a 50 day simple moving average of $150.65 and a two-hundred day simple moving average of $146.22. The firm has a market capitalization of $41.79 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $124.92 and a one year high of $155.77.

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).