Vigilare Wealth Management boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 286.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 37,457 shares of the company’s stock after purchasing an additional 27,767 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 2.4% of Vigilare Wealth Management’s holdings, making the stock its 11th biggest position. Vigilare Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,970,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Morgan Stanley boosted its stake 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 worth $6,004,682,000 after buying an additional 2,285,526 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after acquiring an additional 959,176 shares during the period. Bank of America Corp DE grew its holdings in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares during the period. Invesco Ltd. raised its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after acquiring an additional 444,846 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in Invesco S&P 500 Equal Weight ETF by 14.3% during 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 acquiring an additional 1,060,181 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 1.0%
Shares of NYSEARCA:RSP opened at $217.11 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $218.11. The company has a market capitalization of $98.21 billion, a PE ratio of 20.10 and a beta of 0.91. The business has a 50 day moving average of $211.93 and a two-hundred day moving average of $203.92.
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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