Wetzel Investment Advisors Inc. Makes New Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Wetzel Investment Advisors Inc. bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,897 shares of the company’s stock, valued at approximately $457,000.

Other hedge funds also recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after acquiring an additional 2,153,993 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 104,839.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,956,524 shares of the company’s stock worth $1,123,859,000 after acquiring an additional 7,948,942 shares during the period. Truist Financial Corp raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock worth $1,107,273,000 after acquiring an additional 112,526 shares during the period. UBS Group AG raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 17.4% during the third quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after acquiring an additional 880,506 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.6% during the third quarter. Invesco Ltd. now owns 4,521,037 shares of the company’s stock worth $640,586,000 after acquiring an additional 609,306 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4 %

Shares of NYSEARCA:RSP traded up $0.59 during midday trading on Friday, reaching $159.80. 8,816,101 shares of the company were exchanged, compared to its average volume of 6,686,133. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The stock has a fifty day simple moving average of $163.83 and a two-hundred day simple moving average of $154.25. The firm has a market cap of $54.26 billion, a PE ratio of 20.43 and a beta of 0.93.

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).