IFP Advisors Inc decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,794 shares of the company’s stock after selling 6,726 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $31,160,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st 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 last quarter. BlueCrest Capital Management Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $400,736,000. Eastern Bank bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $155,449,000. Rokos Capital Management LLP bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $134,688,000. Finally, Quantum Portfolio Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $104,325,000. Institutional investors and hedge funds 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 $214.09 on Friday. The firm has a market cap of $98.92 billion, a P/E ratio of 20.10 and a beta of 0.92. The business’s fifty day moving average is $215.81 and its two-hundred day moving average is $210.38. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43.
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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