Novare Capital Management LLC Grows Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Novare Capital Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 749.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,432 shares of the company’s stock after buying an additional 9,204 shares during the period. Novare Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RSP. Morgan Stanley grew its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $306,496,000. BW Gestao de Investimentos Ltda. purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $287,168,000. Finally, State of Wisconsin Investment Board increased its holdings in Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after buying an additional 1,060,181 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $209.61 on Tuesday. The firm has a 50-day simple moving average of $205.28 and a two-hundred day simple moving average of $199.68. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $175.98 and a fifty-two week high of $214.30. The company has a market cap of $90.43 billion, a P/E ratio of 20.10 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.