WNY Asset Management LLC Buys New Stake in Invesco S&P 500 Equal Weight ETF $RSP

WNY Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, HoldingsChannel reports. The fund purchased 3,718 shares of the company’s stock, valued at approximately $714,000.

A number of other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares in the last quarter. Morgan Stanley raised its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after buying an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $306,496,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $287,168,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2%

RSP opened at $215.01 on Friday. The stock has a 50-day moving average of $211.72 and a 200 day moving average of $203.74. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $218.11. The firm has a market cap of $97.26 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.