Peapack Gladstone Financial Corp Buys 8,922 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Peapack Gladstone Financial Corp increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,235 shares of the company’s stock after purchasing an additional 8,922 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,991,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of 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. boosted its stake in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake 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 valued at $29,000 after acquiring an additional 72 shares during the last quarter. Truvestments Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $29,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 146.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $182.80 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $151.93 and a 52-week high of $188.16. The stock has a market cap of $61.23 billion, a PE ratio of 20.44 and a beta of 0.90. The firm’s 50 day moving average price is $181.94 and its two-hundred day moving average price is $173.77.

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).