Vectors Research Management LLC Has $24.26 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Vectors Research Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 126,619 shares of the company’s stock after buying an additional 5,970 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 7.4% of Vectors Research Management LLC’s investment portfolio, making the stock its largest holding. Vectors Research Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. IMA Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $33,000. Finally, Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $35,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

NYSEARCA RSP opened at $204.10 on Friday. The company has a market cap of $88.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a twelve month low of $172.10 and a twelve month high of $205.53. The business’s fifty day moving average is $197.95 and its 200 day moving average is $195.42.

Invesco S&P 500 Equal Weight ETF 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). 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.