Financial Enhancement Group LLC Increases Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Financial Enhancement Group LLC increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 63.1% during the 1st quarter, Holdings Channel reports. The firm owned 29,232 shares of the company’s stock after acquiring an additional 11,310 shares during the quarter. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,939,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $306,496,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $287,168,000. Finally, State of Wisconsin Investment Board raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after acquiring an additional 1,060,181 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $210.38 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $178.60 and a 1-year high of $214.30. The company has a 50-day moving average of $205.75 and a 200 day moving average of $199.94. The firm has a market cap of $90.76 billion, a PE ratio of 20.10 and a beta of 0.91.

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.