Thoroughbred Financial Services LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 8.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,573 shares of the company’s stock after purchasing an additional 2,581 shares during the period. Thoroughbred Financial Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,239,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Brookstone Capital Management boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after buying an additional 6,481 shares in the last quarter. Argent Advisors Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after purchasing an additional 3,135 shares during the period. Roman Butler Fullerton & Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after purchasing an additional 4,358 shares during the period. Caprock Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $4,966,000. Finally, Empirical Asset Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 417.0% during the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after purchasing an additional 9,311 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA:RSP opened at $207.49 on Thursday. The firm has a market cap of $89.51 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $174.27 and a fifty-two week high of $208.73. The business has a 50 day moving average price of $199.26 and a 200-day moving average price of $196.93.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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.
