CoreCap Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 47.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 465,261 shares of the company’s stock after acquiring an additional 149,280 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 2.9% of CoreCap Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. CoreCap Advisors LLC owned 0.11% of Invesco S&P 500 Equal Weight ETF worth $98,994,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Banta Asset Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $1,654,000. Allen Investment Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares during the period. Vise Technologies Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after acquiring an additional 2,983 shares during the period. Financial Guidance Group Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the fourth quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after acquiring an additional 4,197 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.5% in the fourth quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after acquiring an additional 28,586 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Up 1.4%
Shares of Invesco S&P 500 Equal Weight ETF stock opened at $220.23 on Wednesday. The firm has a market cap of $99.52 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $220.45. The company’s 50-day simple moving average is $212.18 and its 200-day simple moving average is $204.07.
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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