Prospera Financial Services Inc grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 65.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,800 shares of the company’s stock after acquiring an additional 21,331 shares during the quarter. Prospera Financial Services Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,308,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in RSP. NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $26,000. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Price Performance
NYSEARCA RSP opened at $206.58 on Monday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $206.97. The company has a market capitalization of $89.12 billion, a PE ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average is $198.46 and its 200-day moving average is $196.50.
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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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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