Scharf Investments LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 4,342 shares of the company’s stock, valued at approximately $832,000.
Other large investors have also recently modified their holdings of the company. NBZ Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $32,000. IMA Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $33,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 2.0%
RSP opened at $191.92 on Wednesday. The company has a market capitalization of $79.59 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The business’s fifty day simple moving average is $198.58 and its 200-day simple moving average is $193.51.
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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
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