Pittenger & Anderson Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 472.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,733 shares of the company’s stock after purchasing an additional 96,355 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $22,403,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $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 in the 4th quarter worth $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $287,168,000. Finally, State of Wisconsin Investment Board grew its position in Invesco S&P 500 Equal Weight ETF by 14.3% during 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 during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
RSP stock traded up $0.80 during trading on Friday, reaching $214.30. 5,539,473 shares of the stock traded hands, compared to its average volume of 14,463,745. The firm has a market capitalization of $96.73 billion, a PE ratio of 20.10 and a beta of 0.91. The business’s 50 day moving average price is $208.58 and its 200-day moving average price is $201.64. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37.
About Invesco S&P 500 Equal Weight ETF
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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