Quartz Partners LLC Makes New $837,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Quartz Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, Holdings Channel.com reports. The fund bought 4,359 shares of the company’s stock, valued at approximately $837,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley raised its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $306,496,000. BW Gestao de Investimentos Ltda. purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $287,168,000. Finally, State of Wisconsin Investment Board raised its holdings in 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 worth $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $215.06 on Friday. The firm has a market cap of $96.58 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm has a 50-day simple moving average of $209.39 and a two-hundred day simple moving average of $202.27. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37.

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.