NewEdge Advisors LLC cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 16.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 342,650 shares of the company’s stock after selling 68,207 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 1.3% of NewEdge Advisors LLC’s portfolio, making the stock its 12th largest holding. NewEdge Advisors LLC owned about 0.08% of Invesco S&P 500 Equal Weight ETF worth $65,761,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth 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. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 3.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after acquiring an additional 959,176 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares during the period. Invesco Ltd. lifted its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after acquiring an additional 444,846 shares during the period. Finally, State of Wisconsin Investment Board lifted its position in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after acquiring an additional 1,060,181 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Down 0.9%
Shares of RSP stock opened at $215.73 on Thursday. The company has a market capitalization of $97.76 billion, a P/E ratio of 20.10 and a beta of 0.91. The business’s 50 day moving average is $211.33 and its two-hundred day moving average is $203.53. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $218.11.
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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