Berkshire Money Management Inc. Has $61.99 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Berkshire Money Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 1,523.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 345,976 shares of the company’s stock after purchasing an additional 324,664 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 7.1% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 4th largest position. Berkshire Money Management Inc. owned approximately 0.10% of Invesco S&P 500 Equal Weight ETF worth $61,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Optimum Investment Advisors increased its holdings in Invesco S&P 500 Equal Weight ETF by 95.5% during the 1st quarter. Optimum Investment Advisors now owns 2,170 shares of the company’s stock worth $368,000 after purchasing an additional 1,060 shares during the period. Tran Capital Management L.P. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $434,000. Destination Wealth Management raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.1% in the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock valued at $328,000 after acquiring an additional 96 shares in the last quarter. Courage Miller Partners LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.6% in the second quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock worth $7,704,000 after acquiring an additional 273 shares during the period. Finally, Bank of New Hampshire bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $373,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $181.33 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $182.22. The company has a market capitalization of $60.73 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company’s 50-day simple moving average is $175.14 and its two-hundred day simple moving average is $168.72.

About Invesco S&P 500 Equal Weight ETF

(Free Report)

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).

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