McHugh Group LLC Invests $4.94 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

McHugh Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,185 shares of the company’s stock, valued at approximately $4,939,000. Invesco S&P 500 Equal Weight ETF comprises 3.7% of McHugh Group LLC’s holdings, making the stock its 8th biggest position.

Several other large investors have also recently modified their holdings of the business. SJS Investment Consulting Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 157.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares during the last quarter. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. Richardson Financial Services Inc. raised its position 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 in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of 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 valued at $29,000 after purchasing an additional 72 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $29,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $181.35 on Thursday. The stock has a market capitalization of $60.74 billion, a P/E ratio of 20.44 and a beta of 0.90. The business has a 50 day simple moving average of $180.00 and a 200 day simple moving average of $177.34. Invesco S&P 500 Equal Weight ETF has a one year low of $156.16 and a one year high of $188.16.

Invesco S&P 500 Equal Weight ETF Company 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).