Compass Capital Management Inc. Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

Compass Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,323 shares of the company’s stock, valued at approximately $637,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RSP. Varma Mutual Pension Insurance Co bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $327,184,000. BW Gestao de Investimentos Ltda. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $287,168,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after buying an additional 959,176 shares during the period. Axxcess Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 5,593.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock worth $186,343,000 after buying an additional 955,677 shares during the period. Finally, MKP Capital Management L.L.C. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $99,994,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.6%

RSP opened at $209.75 on Friday. The company has a 50 day moving average of $203.02 and a 200 day moving average of $198.65. The company has a market cap of $90.49 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month high of $210.95.

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.