Sigma Planning Corp purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 59,140 shares of the company’s stock, valued at approximately $12,302,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $26,000. Brandywine Financial Group boosted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Valley National Advisers Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $31,000. Rogco LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $34,000. Finally, Asset Dedication LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $36,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA:RSP opened at $216.54 on Monday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The business has a fifty day moving average price of $215.28 and a 200-day moving average price of $211.35. The company has a market capitalization of $99.34 billion, a PE ratio of 20.10 and a beta of 0.92.
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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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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