NWF Advisory Services Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 32.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,956 shares of the company’s stock after buying an additional 3,455 shares during the quarter. NWF Advisory Services Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,679,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $29,000. Hurley Capital LLC raised its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $42,000. 61.18% of the stock is owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Down 0.0%
RSP opened at $214.23 on Tuesday. The stock has a 50-day moving average price of $208.80 and a 200-day moving average price of $201.85. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37. The stock has a market capitalization of $96.70 billion, a P/E ratio of 20.10 and a beta of 0.91.
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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