Eldridge Investment Advisors Inc. Raises Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Eldridge Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 30.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,616 shares of the company’s stock after purchasing an additional 11,232 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.0% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Eldridge Investment Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,514,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $26,000. GAMMA Investing LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $38,000. Core Wealth Advisors Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $38,000. SOA Wealth Advisors LLC. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 51.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock valued at $48,000 after buying an additional 103 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $76,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.08 on Thursday, hitting $161.73. 3,943,422 shares of the company traded hands, compared to its average volume of 6,540,346. The stock has a market capitalization of $54.17 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The business has a 50-day simple moving average of $164.23 and a 200 day simple moving average of $155.57.

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).