Onyx Bridge Wealth Group LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 2,248.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,890 shares of the company’s stock after purchasing an additional 172,230 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 3.3% of Onyx Bridge Wealth Group LLC’s holdings, making the stock its 2nd largest position. Onyx Bridge Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $37,421,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Invesco S&P 500 Equal Weight ETF by 16.4% in 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 buying an additional 3,567,441 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $400,736,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after buying an additional 60,000 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 8.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,434,548 shares of the company’s stock worth $274,802,000 after buying an additional 108,552 shares during the last quarter. Finally, Trust Co of Tennessee boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after acquiring an additional 12,435 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Down 0.4%
RSP opened at $214.09 on Friday. The business has a 50 day moving average of $215.81 and a 200-day moving average of $210.38. The stock has a market capitalization of $98.92 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43.
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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