Montag A & Associates Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 13.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 168,962 shares of the company’s stock after acquiring an additional 20,250 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.5% of Montag A & Associates Inc.’s investment portfolio, making the stock its 10th biggest position. Montag A & Associates Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $32,427,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in RSP. Morgan Stanley lifted its position in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $287,168,000. Finally, State of Wisconsin Investment Board boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
RSP stock opened at $214.73 on Wednesday. The firm has a market cap of $95.83 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm’s fifty day moving average is $207.84 and its 200 day moving average is $201.26. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37.
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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