Invesco S&P 500 Equal Weight ETF $RSP is Hi Line Capital Management LLC’s 3rd Largest Position

Hi Line Capital Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,673 shares of the company’s stock after purchasing an additional 11,309 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 4.2% of Hi Line Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Hi Line Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,217,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Lyell Wealth Management LP grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the third quarter. Lyell Wealth Management LP now owns 13,784 shares of the company’s stock worth $2,615,000 after acquiring an additional 169 shares in the last quarter. Fortress Financial Group LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.1% in the third quarter. Fortress Financial Group LLC now owns 48,071 shares of the company’s stock valued at $9,119,000 after purchasing an additional 1,423 shares during the period. CENTRAL TRUST Co grew its stake in Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CENTRAL TRUST Co now owns 485,114 shares of the company’s stock worth $92,026,000 after purchasing an additional 21,921 shares in the last quarter. Rothschild Capital Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $10,695,000. Finally, IMA Advisory Services Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. 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 RSP opened at $202.87 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The stock has a market capitalization of $84.13 billion, a PE ratio of 20.10 and a beta of 0.99. The stock has a 50-day simple moving average of $196.54 and a 200-day simple moving average of $190.91.

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.