Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $214.41 and last traded at $214.39, with a volume of 5955226 shares changing hands. The stock had previously closed at $212.77.
Invesco S&P 500 Equal Weight ETF Trading Up 0.7%
The company has a market capitalization of $92.41 billion, a PE ratio of 20.10 and a beta of 0.91. The stock’s 50-day moving average is $206.65 and its two-hundred day moving average is $200.51.
Institutional Trading of Invesco S&P 500 Equal Weight ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Finally, Hurley Capital LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the period. 61.18% of the stock is currently owned by institutional investors.
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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