Worth Asset Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,615 shares of the company’s stock, valued at approximately $1,270,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley increased its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after purchasing an additional 959,176 shares during the last quarter. Invesco Ltd. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.6% in the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after purchasing an additional 444,846 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock valued at $1,051,080,000 after purchasing an additional 362,412 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Down 0.2%
RSP stock opened at $209.61 on Tuesday. The stock’s 50 day moving average is $205.28 and its two-hundred day moving average is $199.68. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.98 and a 52-week high of $214.30. The company has a market capitalization of $90.43 billion, a PE 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.
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