Commonwealth Retirement Investments LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Commonwealth Retirement Investments LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,538 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RSP. Eastern Bank bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Richardson Financial Services Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after acquiring an additional 83 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its position in Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 86.5% during the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 90 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 0.6 %

Shares of RSP stock traded down $1.09 during trading on Tuesday, reaching $183.93. 1,182,567 shares of the company’s stock traded hands, compared to its average volume of 6,059,457. Invesco S&P 500 Equal Weight ETF has a 1 year low of $140.06 and a 1 year high of $185.79. The company has a market capitalization of $61.61 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s 50-day moving average is $177.86 and its 200 day moving average is $170.74.

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).