BluePointe Capital Management LLC Boosts Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

BluePointe Capital Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,907 shares of the company’s stock after acquiring an additional 1,756 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.3% of BluePointe Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. BluePointe Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,504 shares of the company’s stock valued at $2,957,000 after buying an additional 197 shares during the last quarter. Caprock Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 9.4% during the 3rd quarter. Caprock Group LLC now owns 19,332 shares of the company’s stock valued at $3,464,000 after acquiring an additional 1,665 shares during the last quarter. BIP Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 5.9% during the 3rd quarter. BIP Wealth LLC now owns 1,498 shares of the company’s stock worth $268,000 after acquiring an additional 83 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $577,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 13.3% during the third quarter. PNC Financial Services Group Inc. now owns 452,369 shares of the company’s stock worth $81,046,000 after purchasing an additional 53,221 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $175.37 on Thursday. The company has a market capitalization of $73.06 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16. The stock has a 50-day simple moving average of $178.67 and a 200 day simple moving average of $179.07.

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).