Quantum Portfolio Management LLC Invests $104.33 Million in Invesco S&P 500 Equal Weight ETF $RSP

Quantum Portfolio Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 543,588 shares of the company’s stock, valued at approximately $104,325,000. Invesco S&P 500 Equal Weight ETF makes up about 1.1% of Quantum Portfolio Management LLC’s investment portfolio, making the stock its 8th biggest position. Quantum Portfolio Management LLC owned about 0.13% of Invesco S&P 500 Equal Weight ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RSP. Ascent Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $785,000. Penobscot Investment Management Company Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 137.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 15,494 shares of the company’s stock valued at $2,974,000 after acquiring an additional 8,975 shares in the last quarter. Richmond Investment Services LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 23.6% during the first quarter. Richmond Investment Services LLC now owns 3,924 shares of the company’s stock worth $753,000 after buying an additional 750 shares in the last quarter. Virginia Wealth Management Group Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 22.6% in the 1st quarter. Virginia Wealth Management Group Inc. now owns 2,347 shares of the company’s stock valued at $450,000 after acquiring an additional 433 shares during the last quarter. Finally, SilverOak Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.1% in the first quarter. SilverOak Wealth Management LLC now owns 1,174 shares of the company’s stock valued at $225,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 1.2%

Invesco S&P 500 Equal Weight ETF stock opened at $212.20 on Thursday. The company has a 50-day moving average price of $208.05 and a 200 day moving average price of $201.41. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37. The stock has a market cap of $94.70 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.