Smith Moore & CO. Grows Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Smith Moore & CO. increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 104.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,140 shares of the company’s stock after buying an additional 33,281 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 0.9% of Smith Moore & CO.’s portfolio, making the stock its 24th largest position. Smith Moore & CO.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,478,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC raised its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $279,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $196.65 on Monday. The firm has a market cap of $86.85 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a 52-week low of $157.69 and a 52-week high of $205.24. The business’s 50 day moving average is $197.94 and its two-hundred day moving average is $193.86.

Invesco S&P 500 Equal Weight ETF Company 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). 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.