Dale Q Rice Investment Management Ltd Purchases Shares of 9,147 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Dale Q Rice Investment Management Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 9,147 shares of the company’s stock, valued at approximately $1,603,000. Invesco S&P 500 Equal Weight ETF makes up 0.7% of Dale Q Rice Investment Management Ltd’s portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. Richardson Financial Services Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Truvestments Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $29,000. Finally, Riggs Asset Managment Co. Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 146.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

RSP stock opened at $174.67 on Tuesday. The firm’s 50-day moving average is $180.85 and its two-hundred day moving average is $175.71. The company has a market capitalization of $58.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16.

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).