Ashurst Perkins Coie Trust Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 5,725 shares of the company’s stock, valued at approximately $1,191,000.
A number of other hedge funds have also made changes to their positions in the business. Highland Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $26,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Brandywine Financial Group grew its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the last quarter. Rogco LP acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $34,000. Finally, Asset Dedication LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
NYSEARCA RSP opened at $212.09 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The company has a market capitalization of $97.35 billion, a PE ratio of 20.10 and a beta of 0.92. The company has a fifty day moving average of $216.01 and a two-hundred day moving average of $210.16.
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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