Wealth Care LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,781 shares of the company’s stock, valued at approximately $6,291,000. Invesco S&P 500 Equal Weight ETF comprises 5.6% of Wealth Care LLC’s investment portfolio, making the stock its 7th biggest position.
A number of other institutional investors have also modified their holdings of RSP. Alexis Investment Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.7% during the first quarter. Alexis Investment Partners LLC now owns 40,913 shares of the company’s stock worth $7,695,000 after purchasing an additional 3,621 shares during the last quarter. Key Financial Inc lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.4% during the first quarter. Key Financial Inc now owns 636 shares of the company’s stock worth $122,000 after purchasing an additional 75 shares during the period. Element Squared LLC grew its position in Invesco S&P 500 Equal Weight ETF by 29.5% in the 1st quarter. Element Squared LLC now owns 96,856 shares of the company’s stock valued at $18,589,000 after buying an additional 22,051 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Invesco S&P 500 Equal Weight ETF by 10.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 71,892 shares of the company’s stock valued at $13,798,000 after buying an additional 6,772 shares during the last quarter. Finally, Prism Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 10.6% in the 1st quarter. Prism Advisors Inc. now owns 59,379 shares of the company’s stock valued at $11,396,000 after buying an additional 5,683 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 $212.77 on Wednesday. The stock has a market capitalization of $91.79 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $214.30. The company’s fifty day moving average is $206.65 and its two-hundred day moving average is $200.51.
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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