Valley Wealth Managers Inc. Acquires 18,560 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Valley Wealth Managers Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,459 shares of the company’s stock after acquiring an additional 18,560 shares during the period. Valley Wealth Managers Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,482,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RSP. Morgan Stanley raised its stake in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $287,168,000. Finally, State of Wisconsin Investment Board increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.8%

NYSEARCA RSP opened at $213.37 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The company has a 50 day moving average of $209.58 and a 200-day moving average of $202.35. The company has a market cap of $95.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.