Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Sets New 1-Year High – Here’s Why

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) shares hit a new 52-week high on Friday . The company traded as high as $192.80 and last traded at $192.64, with a volume of 2792744 shares trading hands. The stock had previously closed at $191.55.

Invesco S&P 500 Equal Weight ETF Stock Performance

The company has a 50-day simple moving average of $188.74 and a two-hundred day simple moving average of $185.32. The firm has a market capitalization of $74.47 billion, a P/E ratio of 20.10 and a beta of 0.99.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Japan Science & Technology Agency bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at $656,908,000. North Peak Capital Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 227.3% in the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock worth $249,735,000 after buying an additional 2,453,262 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.0% in the first quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after buying an additional 1,195,627 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after buying an additional 1,103,629 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after acquiring an additional 1,102,322 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

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).