Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $221.23 and last traded at $220.89, with a volume of 914891 shares traded. The stock had previously closed at $220.22.
Invesco S&P 500 Equal Weight ETF Price Performance
The firm has a market capitalization of $99.91 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm has a 50 day moving average price of $213.52 and a 200-day moving average price of $204.97.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF
A number of hedge funds have recently bought and sold shares of RSP. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $29,000. Brandywine Financial Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the last quarter. Hurley Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. Asset Dedication LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $36,000. Finally, Basepoint Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
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.
See Also
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Franco-Nevada Earnings: Gold Is Rallying, But Does the Stock Even Care?
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.PNG){kind=logo}
