Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $223.43 and last traded at $223.0910, with a volume of 9,653,159 shares traded. The stock had previously closed at $219.26.
Invesco S&P 500 Equal Weight ETF Stock Down 0.4%
The business’s fifty day moving average is $214.89 and its 200-day moving average is $208.17. The stock has a market capitalization of $99.62 billion, a PE ratio of 20.10 and a beta of 0.91.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Valued Retirements Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the 3rd quarter. Valued Retirements Inc. now owns 13,058 shares of the company’s stock valued at $2,716,000 after buying an additional 98 shares during the period. Money Concepts Capital Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $27,845,000. Allworth Financial LP raised its stake in Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Allworth Financial LP now owns 43,677 shares of the company’s stock worth $9,293,000 after buying an additional 1,481 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $462,000. Finally, Private Advisory Group LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 21.9% during the 3rd quarter. Private Advisory Group LLC now owns 21,328 shares of the company’s stock worth $4,437,000 after buying an additional 3,827 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.
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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