GreatBanc Trust CO cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 79.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,415 shares of the company’s stock after selling 5,335 shares during the period. GreatBanc Trust CO’s holdings in Invesco S&P 500 Equal Weight ETF were worth $271,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in RSP. Varma Mutual Pension Insurance Co acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $327,184,000. BW Gestao de Investimentos Ltda. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $287,168,000. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after acquiring an additional 959,176 shares during the period. Axxcess Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 5,593.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock worth $186,343,000 after acquiring an additional 955,677 shares during the period. Finally, MKP Capital Management L.L.C. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $99,994,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA:RSP opened at $209.75 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 capitalization of $90.49 billion, a PE ratio of 20.10 and a beta of 0.91. The company has a fifty day moving average of $203.02 and a two-hundred day moving average of $198.65.
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.
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