Biltmore Family Office LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 19.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,039 shares of the company’s stock after acquiring an additional 18,747 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 3.0% of Biltmore Family Office LLC’s portfolio, making the stock its 3rd biggest position. Biltmore Family Office LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,845,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. IMA Advisory Services Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $35,000. 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 $202.92 on Thursday. The company has a 50-day moving average price of $197.89 and a 200-day moving average price of $195.79. The stock has a market capitalization of $87.54 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $173.00 and a 1 year high of $205.53.
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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