Invesco S&P 500 Equal Weight ETF $RSP is Jackson Grant Investment Advisers Inc.’s 2nd Largest Position

Jackson Grant Investment Advisers Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 156,374 shares of the company’s stock after buying an additional 3,525 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 9.9% of Jackson Grant Investment Advisers Inc.’s holdings, making the stock its 2nd biggest holding. Jackson Grant Investment Advisers Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Northwestern Mutual Wealth Management Co. increased its position in 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 worth $4,798,090,000 after purchasing an additional 635,369 shares in the last quarter. Endurance Services Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $96,962,000. Schusterman Interests LLC increased its position in Invesco S&P 500 Equal Weight ETF by 420.8% during the 3rd quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock worth $118,562,000 after purchasing an additional 505,000 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $83,931,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $72,022,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.3%

Invesco S&P 500 Equal Weight ETF stock opened at $203.16 on Friday. The stock has a market cap of $88.99 billion, a PE ratio of 20.10 and a beta of 0.94. The stock has a 50-day moving average price of $198.01 and a 200 day moving average price of $194.21. Invesco S&P 500 Equal Weight ETF has a 52 week low of $157.71 and a 52 week high of $205.24.

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.