Cypress Financial Planning LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,719 shares of the company’s stock, valued at approximately $12,839,000. Invesco S&P 500 Equal Weight ETF accounts for 3.5% of Cypress Financial Planning LLC’s investment portfolio, making the stock its 11th biggest position.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares during the period. Invesco Ltd. increased its position in Invesco S&P 500 Equal Weight ETF by 4.6% in 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 position in 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. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Invesco S&P 500 Equal Weight ETF by 13.1% during 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 acquiring an additional 285,000 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $400,736,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
Invesco S&P 500 Equal Weight ETF stock traded up $1.17 during mid-day trading on Friday, reaching $213.04. 6,535,135 shares of the company were exchanged, compared to its average volume of 12,067,952. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The firm’s 50-day simple moving average is $216.42 and its two-hundred day simple moving average is $209.57. The firm has a market cap of $96.95 billion, a PE ratio of 20.10 and a beta of 0.92.
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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