Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 12-Month High – Should You Buy?

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) hit a new 52-week high on Friday . The stock traded as high as $185.79 and last traded at $185.74, with a volume of 3265925 shares. The stock had previously closed at $184.08.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

The company has a market cap of $62.14 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The business has a fifty day simple moving average of $179.45 and a 200 day simple moving average of $171.75.

Institutional Trading of Invesco S&P 500 Equal Weight ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CPA Asset Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after purchasing an additional 62 shares during the period. Inlet Private Wealth LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after buying an additional 63 shares during the last quarter. Delta Investment Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock worth $2,603,000 after buying an additional 65 shares during the last quarter. America First Investment Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock worth $428,000 after purchasing an additional 66 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the second quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock worth $715,000 after purchasing an additional 67 shares in the last quarter.

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).