Eagle Harbor Asset Management Inc. ADV purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,556 shares of the company’s stock, valued at approximately $532,000.
A number of other institutional investors also recently made changes to their positions in the stock. Venture Visionary Partners LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after buying an additional 5,887 shares during the period. Rhodes Investment Advisors Inc. ADV acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $794,000. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 16.9% in the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock worth $112,364,000 after acquiring an additional 76,324 shares in the last quarter. Corient Private Wealth LP lifted its stake in Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after acquiring an additional 58,956 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $2,939,000. 61.18% of the stock is owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Trading Up 1.2%
Shares of NYSEARCA RSP opened at $215.86 on Wednesday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The firm has a market capitalization of $99.76 billion, a PE ratio of 20.10 and a beta of 0.92. The business has a 50-day moving average price of $215.58 and a two-hundred day moving average price of $210.85.
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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