86,291 Shares in Invesco S&P 500 Equal Weight ETF $RSP Bought by Karras Company Inc.

Karras Company Inc. bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, HoldingsChannel reports. The fund bought 86,291 shares of the company’s stock, valued at approximately $16,530,000. Invesco S&P 500 Equal Weight ETF makes up 15.8% of Karras Company Inc.’s investment portfolio, making the stock its largest position.

Several other hedge funds also recently made changes to their positions in the company. Varma Mutual Pension Insurance Co bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $327,184,000. Axxcess Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after buying an additional 955,677 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after buying an additional 635,369 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 622.2% during the 4th quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock valued at $113,698,000 after buying an additional 511,351 shares in the last quarter. Finally, Endurance Services Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $96,962,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9%

Shares of RSP stock opened at $206.58 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $173.00 and a 12 month high of $206.97. The stock has a market cap of $89.12 billion, a PE ratio of 20.10 and a beta of 0.92. The company’s fifty day moving average price is $198.46 and its 200-day moving average price is $196.43.

Invesco S&P 500 Equal Weight ETF Company 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.