United Advisor Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 188.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,220 shares of the company’s stock after purchasing an additional 3,411 shares during the quarter. United Advisor Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,086,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions 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 valued at $4,869,022,000 after buying an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco S&P 500 Equal Weight ETF by 3.7% during the 1st 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 period. Commonwealth Equity Services LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $248,531,000. Finally, Trust Co of Tennessee boosted its holdings in 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 worth $208,091,000 after acquiring an additional 12,435 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA:RSP opened at $216.05 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $224.20. The business’s 50 day simple moving average is $214.78 and its two-hundred day simple moving average is $208.27. The firm has a market cap of $100.26 billion, a P/E ratio of 20.10 and a beta of 0.91.
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.
Read More
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
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).
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.
