HT Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,542 shares of the company’s stock, valued at approximately $737,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Highland Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $26,000. Brandywine Financial Group lifted its stake in 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 purchasing an additional 121 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Rogco LP bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $34,000. Finally, Asset Dedication LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $36,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Up 0.9%
Shares of RSP stock traded up $1.90 during trading on Tuesday, reaching $215.30. 3,979,392 shares of the company’s stock were exchanged, compared to its average volume of 11,912,978. The stock has a market capitalization of $99.50 billion, a PE ratio of 20.10 and a beta of 0.92. The firm’s fifty day moving average price is $215.68 and its 200-day moving average price is $210.69. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43.
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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