L. Roy Papp & Associates LLP Has $11.44 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

L. Roy Papp & Associates LLP lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,304 shares of the company’s stock after acquiring an additional 885 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.3% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 23rd largest position. L. Roy Papp & Associates LLP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RSP. Strategic Financial Concepts LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock valued at $1,487,984,000 after purchasing an additional 8,451,521 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after buying an additional 839,150 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Penserra Capital Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 2,274.4% during the third quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after buying an additional 465,623 shares during the last quarter. Finally, First Interstate Bank increased its holdings in Invesco S&P 500 Equal Weight ETF by 2,324.6% during the third quarter. First Interstate Bank now owns 379,553 shares of the company’s stock worth $68,001,000 after buying an additional 363,899 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $180.75 on Wednesday. The company has a fifty day moving average price of $179.49 and a two-hundred day moving average price of $177.69. Invesco S&P 500 Equal Weight ETF has a one year low of $156.16 and a one year high of $188.16. The stock has a market cap of $60.54 billion, a P/E ratio of 20.44 and a beta of 0.90.

About Invesco S&P 500 Equal Weight ETF

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).