Howland Capital Management LLC Grows Position in Invesco S&P 500 Equal Weight ETF $RSP

Howland Capital Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 75.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,994 shares of the company’s stock after acquiring an additional 16,400 shares during the quarter. Howland Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Banta Asset Management LP purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $1,654,000. Allen Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Empirical Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 417.0% in the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after purchasing an additional 9,311 shares in the last quarter. Finally, Ballast Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Ballast Inc. now owns 91,721 shares of the company’s stock valued at $17,399,000 after purchasing an additional 3,118 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $211.65 on Friday. The firm’s 50 day simple moving average is $203.40 and its 200 day simple moving average is $198.74. The company has a market capitalization of $91.31 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $212.12.

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.