Envestnet Portfolio Solutions Inc. Raises Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Envestnet Portfolio Solutions Inc. increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,785 shares of the company’s stock after buying an additional 15,872 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,174,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Ironsides Asset Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the 4th quarter. Ironsides Asset Advisors LLC now owns 18,242 shares of the company’s stock worth $3,197,000 after acquiring an additional 64 shares during the period. Tidemark LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 31.4% during the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after purchasing an additional 103 shares in the last quarter. one8zero8 LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $1,609,000. Frank Rimerman Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 6.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 62,881 shares of the company’s stock valued at $11,019,000 after purchasing an additional 3,645 shares in the last quarter. Finally, Copperwynd Financial LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $3,719,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $172.66 on Friday. The firm has a 50-day moving average of $178.73 and a two-hundred day moving average of $179.07. The stock has a market cap of $71.93 billion, a P/E ratio of 20.93 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16.

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).