Graetz Wealth LLC Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Graetz Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, Holdings Channel reports. The fund acquired 15,795 shares of the company’s stock, valued at approximately $3,031,000. Invesco S&P 500 Equal Weight ETF comprises approximately 2.7% of Graetz Wealth LLC’s portfolio, making the stock its 9th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $287,168,000. Finally, State of Wisconsin Investment Board lifted its stake in Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th 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. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.6%

NYSEARCA:RSP opened at $213.50 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The business has a 50 day moving average price of $208.30 and a two-hundred day moving average price of $201.55. The company has a market cap of $95.28 billion, a P/E 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.