Bridges Investment Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 14.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 316,978 shares of the company’s stock after buying an additional 40,210 shares during the period. Bridges Investment Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $60,720,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% during the 4th quarter. Greenwich Wealth Management LLC now owns 13,657 shares of the company’s stock worth $2,616,000 after purchasing an additional 611 shares during the last quarter. Peak Retirement Planning Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 36.1% during the 4th quarter. Peak Retirement Planning Inc. now owns 6,903 shares of the company’s stock worth $1,322,000 after purchasing an additional 1,830 shares during the last quarter. Calton & Associates Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.8% during the 4th quarter. Calton & Associates Inc. now owns 6,474 shares of the company’s stock worth $1,240,000 after purchasing an additional 177 shares during the last quarter. Dynasty Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 70.6% during the 4th quarter. Dynasty Wealth Management LLC now owns 280,574 shares of the company’s stock worth $53,747,000 after purchasing an additional 116,066 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 11.9% during the 4th quarter. Natixis Advisors LLC now owns 12,904 shares of the company’s stock worth $2,472,000 after purchasing an additional 1,370 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Invesco S&P 500 Equal Weight ETF stock opened at $210.04 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.93 and a 52-week high of $210.12. The firm has a 50 day moving average price of $200.12 and a two-hundred day moving average price of $197.36. The firm has a market cap of $90.61 billion, a price-to-earnings 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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