Sachem Head Capital Management LP Takes $29.33 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Sachem Head Capital Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 153,100 shares of the company’s stock, valued at approximately $29,328,000. Invesco S&P 500 Equal Weight ETF comprises approximately 0.7% of Sachem Head Capital Management LP’s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in RSP. Morgan Stanley raised its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings 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 purchasing an additional 959,176 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 7.1% during the fourth quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock worth $1,051,080,000 after purchasing an additional 362,412 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,579,650 shares of the company’s stock worth $685,718,000 after purchasing an additional 9,309 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Invesco S&P 500 Equal Weight ETF by 13.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,460,000 shares of the company’s stock worth $471,238,000 after purchasing an additional 285,000 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $211.65 on Monday. The stock has a market capitalization of $91.31 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.98 and a 52-week high of $212.12. The firm has a 50-day moving average price of $203.40 and a 200 day moving average price of $198.83.

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.