Polar Asset Management Partners Inc. purchased 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 filing with the Securities and Exchange Commission. The institutional investor purchased 52,100 shares of the company’s stock, valued at approximately $9,999,000.
Other hedge funds have also made changes to their positions in the company. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $29,000. Hurley Capital LLC lifted its stake 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 buying an additional 118 shares during the last quarter. Basepoint Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $40,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $42,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Invesco S&P 500 Equal Weight ETF stock opened at $213.57 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37. The company has a 50-day simple moving average of $210.53 and a 200-day simple moving average of $203.11. The firm has a market capitalization of $95.89 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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