Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as $223.43 and last traded at $223.0910, with a volume of 9,653,159 shares changing hands. The stock had previously closed at $219.26.

Invesco S&P 500 Equal Weight ETF Stock Up 1.9%

The business’s 50 day simple moving average is $214.96 and its 200 day simple moving average is $207.96. The company has a market capitalization of $102.99 billion, a PE ratio of 20.10 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Equal Weight ETF

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $400,736,000. Clal Insurance Enterprises Holdings Ltd increased its position in Invesco S&P 500 Equal Weight ETF by 3.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $248,531,000. Finally, Trust Co of Tennessee raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after purchasing an additional 12,435 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

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.