Performa Ltd US LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 69,712 shares of the company’s stock, valued at approximately $13,379,000. Invesco S&P 500 Equal Weight ETF accounts for about 3.0% of Performa Ltd US LLC’s holdings, making the stock its 8th biggest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the period. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $40,000. Finally, Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $42,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Down 0.8%
Invesco S&P 500 Equal Weight ETF stock opened at $213.37 on Friday. The business has a 50-day simple moving average of $209.58 and a two-hundred day simple moving average of $202.35. The company has a market cap of $95.81 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37.
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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