Diversified Trust Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,873 shares of the company’s stock, valued at approximately $8,294,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Venture Visionary Partners LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock valued at $80,002,000 after buying an additional 5,887 shares in the last quarter. Corient Private Wealth LP grew its holdings in Invesco S&P 500 Equal Weight ETF by 17.5% during the second quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after acquiring an additional 58,956 shares during the period. Rhodes Investment Advisors Inc. ADV acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $794,000. Echo45 Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.8% in the second quarter. Echo45 Advisors LLC now owns 87,450 shares of the company’s stock worth $18,607,000 after acquiring an additional 2,346 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $2,939,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA:RSP opened at $221.16 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $224.20. The stock has a fifty day moving average price of $214.98 and a two-hundred day moving average price of $208.82. The stock has a market capitalization of $104.35 billion, a price-to-earnings ratio of 20.90 and a beta of 0.91.
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.
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