Ruggaard & Associates LLC decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,050 shares of the company’s stock after selling 7,360 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.5% of Ruggaard & Associates LLC’s investment portfolio, making the stock its 10th largest position. Ruggaard & Associates LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,013,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brookstone Capital Management increased its holdings in Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares during the last quarter. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $1,654,000. Allen Investment Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the period. Empirical Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 417.0% during the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after acquiring an additional 9,311 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $777,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA:RSP opened at $209.96 on Friday. The firm has a market capitalization of $90.58 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s 50-day moving average is $204.81 and its two-hundred day moving average is $199.40. Invesco S&P 500 Equal Weight ETF has a 1 year low of $175.98 and a 1 year high of $214.30.
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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