LTG Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 148,293 shares of the company’s stock after purchasing an additional 35,515 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 22.1% of LTG Capital LLC’s portfolio, making the stock its biggest holding. LTG Capital LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,407,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Victrix Investment Advisors purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $1,999,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $277,000. SlateStone Wealth LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.3% in the fourth quarter. SlateStone Wealth LLC now owns 14,728 shares of the company’s stock worth $2,821,000 after acquiring an additional 999 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $32,266,000. Finally, Vise Technologies Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after acquiring an additional 2,983 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Up 0.8%
NYSEARCA RSP opened at $210.83 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $175.98 and a fifty-two week high of $210.95. The stock has a market cap of $90.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business has a fifty day moving average of $201.24 and a 200-day moving average of $197.81.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
