Spectrum Asset Management Inc. NB CA Acquires 4,561 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Spectrum Asset Management Inc. NB CA boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,245 shares of the company’s stock after acquiring an additional 4,561 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.7% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 2nd largest position. Spectrum Asset Management Inc. NB CA’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RSP. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $26,000. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Invesco S&P 500 Equal Weight ETF stock opened at $199.66 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $157.71 and a 12 month high of $205.24. The stock’s 50 day moving average is $197.96 and its 200-day moving average is $194.02. The company has a market capitalization of $87.75 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94.

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). 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.