Valeo Financial Advisors LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 571,324 shares of the company’s stock after selling 12,540 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 2.7% of Valeo Financial Advisors LLC’s investment portfolio, making the stock its 11th largest position. Valeo Financial Advisors LLC owned approximately 0.13% of Invesco S&P 500 Equal Weight ETF worth $118,847,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $400,736,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $306,496,000. State of Wisconsin Investment Board increased its holdings 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 acquiring an additional 1,060,181 shares during the period. Finally, Eastern Bank purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $155,449,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Up 0.5%
NYSEARCA:RSP traded up $0.98 during trading hours on Thursday, reaching $211.59. 5,786,811 shares of the company’s stock were exchanged, compared to its average volume of 12,055,525. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The firm has a market capitalization of $96.29 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company has a 50-day moving average of $216.49 and a 200 day moving average of $209.42.
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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