One Day In July LLC increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 293,276 shares of the company’s stock after acquiring an additional 22,702 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 4.6% of One Day In July LLC’s holdings, making the stock its 8th largest holding. One Day In July LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $56,180,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Purkiss Capital Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the 4th quarter. Purkiss Capital Advisors LLC now owns 12,187 shares of the company’s stock valued at $2,335,000 after buying an additional 151 shares during the period. Meridian Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.8% during the fourth quarter. Meridian Wealth Management LLC now owns 13,361 shares of the company’s stock worth $2,559,000 after buying an additional 236 shares during the period. Fourth Dimension Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.1% during the fourth quarter. Fourth Dimension Wealth LLC now owns 14,578 shares of the company’s stock valued at $2,793,000 after acquiring an additional 296 shares during the last quarter. Bailard Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.7% during the fourth quarter. Bailard Inc. now owns 22,189 shares of the company’s stock valued at $4,251,000 after acquiring an additional 578 shares during the last quarter. Finally, Raelipskie Partnership raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% in the 4th quarter. Raelipskie Partnership now owns 100,335 shares of the company’s stock valued at $19,220,000 after acquiring an additional 1,985 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of RSP stock opened at $203.99 on Tuesday. The firm has a market cap of $88.00 billion, a P/E ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average price is $197.95 and its 200-day moving average price is $195.61. Invesco S&P 500 Equal Weight ETF has a one year low of $173.00 and a one year high of $205.53.
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.
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