Spinnaker Trust grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,686 shares of the company’s stock after acquiring an additional 2,864 shares during the period. Spinnaker Trust’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,010,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $26,000. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Finally, Hurley Capital LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Up 1.3%
Shares of RSP stock opened at $213.05 on Tuesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $214.30. The stock has a market capitalization of $91.91 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock has a fifty day simple moving average of $206.45 and a two-hundred day simple moving average of $200.37.
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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