Baring Financial LLC Buys 2,349 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Baring Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,805 shares of the company’s stock after buying an additional 2,349 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 4.5% of Baring Financial LLC’s investment portfolio, making the stock its 3rd biggest position. Baring Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,962,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $25,000. Uniplan Investment Counsel Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $26,000. Richardson Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $31,000. Finally, Howe & Rusling Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after purchasing an additional 124 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $189.21 on Monday. The stock has a 50-day simple moving average of $186.37 and a 200 day simple moving average of $178.10. The stock has a market capitalization of $75.00 billion, a P/E ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $190.54.

Invesco S&P 500 Equal Weight ETF Profile

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).