Investment House LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 35.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,091 shares of the company’s stock after buying an additional 8,217 shares during the quarter. Investment House LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,956,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $26,000. NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. IMA Advisory Services Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. Finally, Cloud Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.6%
Shares of Invesco S&P 500 Equal Weight ETF stock opened at $201.62 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $173.00 and a twelve month high of $205.53. The company has a 50-day simple moving average of $198.01 and a two-hundred day simple moving average of $196.13. The stock has a market capitalization of $86.98 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.
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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