Arrien Investments Inc. Takes $850,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Arrien Investments Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,650 shares of the company’s stock, valued at approximately $850,000. Invesco S&P 500 Equal Weight ETF makes up approximately 0.6% of Arrien Investments Inc.’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Keene & Associates Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the fourth quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock worth $1,735,000 after purchasing an additional 56 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in Invesco S&P 500 Equal Weight ETF by 2.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 2,857 shares of the company’s stock worth $501,000 after acquiring an additional 56 shares during the period. Beaumont Financial Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock worth $327,000 after acquiring an additional 58 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% in the fourth quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock valued at $635,000 after acquiring an additional 58 shares during the period. Finally, Boston Standard Wealth Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the 4th quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock worth $300,000 after purchasing an additional 61 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.9 %

Shares of RSP opened at $172.66 on Monday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The company has a 50-day simple moving average of $178.73 and a 200-day simple moving average of $179.11. The company has a market capitalization of $71.93 billion, a PE ratio of 20.93 and a beta of 1.07.

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).