Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4,499.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,549 shares of the company’s stock after purchasing an additional 212,819 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.3% of Moran Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Moran Wealth Management LLC owned 0.05% of Invesco S&P 500 Equal Weight ETF worth $41,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in 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 worth $6,004,682,000 after buying an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $287,168,000. Finally, State of Wisconsin Investment Board increased its position in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in 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 last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $214.91 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $215.61. The firm has a market capitalization of $93.84 billion, a PE ratio of 20.10 and a beta of 0.91. The business’s 50-day simple moving average is $207.33 and its 200 day simple moving average is $200.89.

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.