Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $215.83 and last traded at $215.83, with a volume of 13317 shares changing hands. The stock had previously closed at $215.00.
Invesco S&P 500 Equal Weight ETF Price Performance
The firm has a market capitalization of $94.70 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s fifty day moving average is $208.05 and its two-hundred day moving average is $201.41.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF
Several hedge funds have recently modified their holdings of the company. Legacy Wealth Management LLC MS boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.5% in the 2nd quarter. Legacy Wealth Management LLC MS now owns 8,556 shares of the company’s stock worth $1,820,000 after buying an additional 667 shares during the last quarter. Private Wealth Group LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 22.5% during the 2nd quarter. Private Wealth Group LLC now owns 57,736 shares of the company’s stock worth $12,285,000 after purchasing an additional 10,587 shares during the period. Worth Asset Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 33.8% during the 2nd quarter. Worth Asset Management LLC now owns 8,851 shares of the company’s stock worth $1,883,000 after purchasing an additional 2,236 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,684 shares of the company’s stock worth $997,000 after buying an additional 237 shares during the last quarter. Finally, Invariant Investment Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the 2nd quarter. Invariant Investment Management now owns 123,219 shares of the company’s stock worth $26,492,000 after buying an additional 5,023 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.
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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