McHugh Group LLC increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,976 shares of the company’s stock after buying an additional 3,074 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 4.4% of McHugh Group LLC’s holdings, making the stock its 7th largest holding. McHugh Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,940,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in 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 last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $400,736,000. Eastern Bank purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $155,449,000. Rokos Capital Management LLP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $134,688,000. Finally, Quantum Portfolio Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $104,325,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.3%
NYSEARCA:RSP traded down $0.69 during mid-day trading on Monday, hitting $213.40. 5,971,682 shares of the stock traded hands, compared to its average volume of 11,953,941. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The stock has a market capitalization of $98.62 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average is $215.81 and its two-hundred day moving average is $210.53.
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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