Titleist Asset Management LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,271 shares of the company’s stock after selling 5,536 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.7% of Titleist Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Titleist Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $25,435,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its holdings 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 buying an additional 3,567,441 shares in the last quarter. Invesco Ltd. grew its position in shares of 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 valued at $1,943,335,000 after acquiring an additional 444,846 shares during the period. State of Wisconsin Investment Board increased 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. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,460,000 shares of the company’s stock valued at $471,238,000 after purchasing an additional 285,000 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $400,736,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
RSP stock traded up $0.75 during mid-day trading on Thursday, reaching $211.35. 5,971,601 shares of the company’s stock were exchanged, compared to its average volume of 12,055,525. The company has a market cap of $96.19 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The stock’s 50 day moving average is $216.49 and its 200 day moving average is $209.42.
About Invesco S&P 500 Equal Weight ETF
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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