StoneX Group Inc. Buys New Stake in Invesco S&P 500 Equal Weight ETF $RSP

StoneX Group Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 149,655 shares of the company’s stock, valued at approximately $31,138,000. Invesco S&P 500 Equal Weight ETF comprises 1.1% of StoneX Group Inc.’s investment portfolio, making the stock its 14th biggest position.

A number of other large investors also recently made changes to their positions in RSP. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $400,736,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Invesco S&P 500 Equal Weight ETF by 3.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after buying an additional 60,000 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $248,531,000. Finally, Trust Co of Tennessee grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after buying an additional 12,435 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $216.05 on Friday. The stock has a market capitalization of $100.26 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s fifty day moving average price is $214.78 and its two-hundred day moving average price is $208.27. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $224.20.

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.