First National Bank Sioux Falls raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,621 shares of the company’s stock after buying an additional 4,371 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 3.1% of First National Bank Sioux Falls’ investment portfolio, making the stock its 7th largest holding. First National Bank Sioux Falls’ holdings in Invesco S&P 500 Equal Weight ETF were worth $11,360,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $26,000. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. Nalls Sherbakoff Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $29,000. Finally, Hurley Capital LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Down 0.2%
NYSEARCA:RSP opened at $209.61 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month high of $214.30. The stock has a market capitalization of $90.43 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm has a fifty day simple moving average of $205.28 and a two-hundred day simple moving average of $199.68.
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). 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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