Independent Wealth Network Inc. Takes $590,000 Position in Invesco S&P 500 Equal Weight ETF $RSP

Independent Wealth Network Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,074 shares of the company’s stock, valued at approximately $590,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RSP. Morgan Stanley increased its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th 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 during the period. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after buying an additional 1,060,181 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7%

Shares of NYSEARCA:RSP opened at $211.75 on Friday. The firm’s 50 day moving average price is $205.99 and its 200 day moving average price is $200.08. The stock has a market cap of $91.35 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.35 and a fifty-two week high of $214.30.

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.