Polar Asset Management Partners Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 52,100 shares of the company’s stock, valued at approximately $9,999,000.
Other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after purchasing an additional 51 shares during the period. Ballast Rock Private Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after buying an additional 51 shares in the last quarter. Pacific Point Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 4.2% in the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after buying an additional 52 shares in the last quarter. Merkkuri Wealth Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 0.5% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after buying an additional 54 shares in the last quarter. Finally, Jessup Wealth Management Inc increased its stake in Invesco S&P 500 Equal Weight ETF by 1.8% during the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
RSP stock opened at $213.57 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37. The company has a market capitalization of $95.89 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm’s 50-day moving average is $210.53 and its two-hundred day moving average is $203.11.
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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