BlueChip Wealth Advisors LLC Buys Shares of 53,541 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

BlueChip Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 53,541 shares of the company’s stock, valued at approximately $8,449,000. Invesco S&P 500 Equal Weight ETF comprises about 5.9% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position.

Other large investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 126.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 40,455 shares of the company’s stock worth $6,384,000 after purchasing an additional 22,615 shares during the period. TFB Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 38.5% during the 4th quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock worth $310,000 after purchasing an additional 546 shares during the period. Apexium Financial LP lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 111.6% during the 4th quarter. Apexium Financial LP now owns 14,908 shares of the company’s stock worth $2,353,000 after purchasing an additional 7,864 shares during the period. Roble Belko & Company Inc purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $263,000. Finally, Well Done LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 4th quarter. Well Done LLC now owns 44,525 shares of the company’s stock worth $7,026,000 after purchasing an additional 197 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded up $1.19 during trading hours on Monday, hitting $164.87. The stock had a trading volume of 4,229,642 shares, compared to its average volume of 6,132,791. The firm has a market cap of $55.22 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day simple moving average is $164.17 and its 200 day simple moving average is $161.21. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80.

About Invesco S&P 500 Equal Weight ETF

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).