TAP Consulting LLC Buys 574 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

TAP Consulting LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,768 shares of the company’s stock after acquiring an additional 574 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 0.9% of TAP Consulting LLC’s holdings, making the stock its 29th largest position. TAP Consulting LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Core Wealth Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $38,000. GAMMA Investing LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $38,000. SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 51.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock valued at $48,000 after purchasing an additional 103 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $76,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $90,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded down $0.40 during trading hours on Thursday, hitting $162.29. The company had a trading volume of 7,406,844 shares, compared to its average volume of 6,606,129. The stock has a market capitalization of $55.10 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. The firm has a fifty day moving average price of $164.06 and a 200-day moving average price of $154.89. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $169.80.

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).