Towle & Co. Buys Shares of 11,021 Invesco S&P 500 Equal Weight ETF $RSP

Towle & Co. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, Holdings Channel reports. The fund purchased 11,021 shares of the company’s stock, valued at approximately $2,115,000.

A number of other large investors also recently modified their holdings of the business. 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 buying an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $306,496,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after purchasing an additional 1,060,181 shares in 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

Shares of NYSEARCA:RSP opened at $211.92 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The stock has a market capitalization of $94.99 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock has a 50-day simple moving average of $210.29 and a 200-day simple moving average of $202.98.

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.