Odyssey Capital Advisors Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,215 shares of the company’s stock, valued at approximately $999,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Aviso Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. IMA Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $35,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA RSP opened at $201.56 on Monday. The company has a market cap of $86.95 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12 month low of $173.00 and a 12 month high of $205.53. The company has a 50-day simple moving average of $197.89 and a 200-day simple moving average of $195.95.
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.
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