NewEdge Wealth LLC lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 6.0% in the first quarter, Holdings Channel reports. The institutional investor owned 274,305 shares of the company’s stock after selling 17,597 shares during the period. NewEdge Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $52,645,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $287,168,000. Finally, State of Wisconsin Investment Board lifted its position in Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth 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 during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Down 0.0%
Shares of RSP opened at $212.70 on Thursday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The stock’s 50 day moving average is $210.12 and its two-hundred day moving average is $202.84. The firm has a market capitalization of $95.66 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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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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