Odyssey Capital Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,215 shares of the company’s stock, valued at approximately $999,000.
Other hedge funds have also recently modified their holdings of the company. Brookstone Capital Management raised its position in Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares during the last quarter. Argent Advisors Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after acquiring an additional 3,135 shares during the last quarter. Roman Butler Fullerton & Co. raised its position in Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after acquiring an additional 4,358 shares during the last quarter. Caprock Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $4,966,000. Finally, Empirical Asset Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 417.0% during the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after acquiring an additional 9,311 shares during 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 RSP opened at $201.56 on Monday. The stock has a market cap of $86.95 billion, a P/E ratio of 20.10 and a beta of 0.92. The company has a 50-day moving average of $197.89 and a two-hundred day moving average of $195.95. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $205.53.
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.
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