Sandy Cove Advisors LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sandy Cove Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,267 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently made changes to their positions in RSP. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. Richardson Financial Services Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of 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 buying an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $29,000. Finally, Riggs Asset Managment Co. Inc. raised 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 buying an additional 110 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $180.04 on Friday. The company has a 50-day simple moving average of $180.54 and a 200 day simple moving average of $176.04. The company has a market capitalization of $60.30 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.16 and a 52 week 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).