Oarsman Capital Inc. raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,723 shares of the company’s stock after purchasing an additional 27,806 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 5.6% of Oarsman Capital Inc.’s investment portfolio, making the stock its 5th biggest position. Oarsman Capital Inc. owned about 0.05% of Invesco S&P 500 Equal Weight ETF worth $43,623,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. NBZ Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $26,000. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. Goodman Advisory Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $35,000. Finally, Basepoint Wealth LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $40,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of RSP opened at $212.88 on Tuesday. The firm’s 50 day simple moving average is $203.79 and its 200 day simple moving average is $198.99. The company has a market capitalization of $91.84 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $214.29.
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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