Junto Capital Management LP Reduces Position in Invesco S&P 500 Equal Weight ETF $RSP

Junto Capital Management LP lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 49.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,206 shares of the company’s stock after selling 251,353 shares during the quarter. Junto Capital Management LP owned about 0.06% of Invesco S&P 500 Equal Weight ETF worth $54,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RSP. Bank of America Corp DE boosted its holdings in 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 during the period. Morgan Stanley raised its holdings in 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 acquiring an additional 2,285,526 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $400,736,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $306,496,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $287,168,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $214.64 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The stock’s 50-day simple moving average is $217.44 and its 200 day simple moving average is $207.70. The stock has a market capitalization of $97.00 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.