Peapack Gladstone Financial Corp Buys 58,896 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Peapack Gladstone Financial Corp increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 383,502 shares of the company’s stock after purchasing an additional 58,896 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 0.9% of Peapack Gladstone Financial Corp’s investment portfolio, making the stock its 22nd biggest position. Peapack Gladstone Financial Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $73,463,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RSP. Varma Mutual Pension Insurance Co bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $327,184,000. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after purchasing an additional 959,176 shares during the period. Axxcess Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 5,593.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after acquiring an additional 955,677 shares during the period. AlphaCore Capital LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 622.2% during the fourth quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock valued at $113,698,000 after acquiring an additional 511,351 shares during the period. Finally, Endurance Services Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $96,962,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $208.83 on Monday. The business’s 50-day simple moving average is $199.81 and its two-hundred day simple moving average is $197.22. The stock has a market cap of $90.09 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52 week low of $174.27 and a 52 week high of $209.32.

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.