Steel Grove Capital Advisors LLC Buys 13,446 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Steel Grove Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 47.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 41,785 shares of the company’s stock after buying an additional 13,446 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 0.6% of Steel Grove Capital Advisors LLC’s portfolio, making the stock its 16th largest holding. Steel Grove Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,692,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of RSP. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares during the last quarter. Invesco Ltd. raised its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after acquiring an additional 444,846 shares in the last quarter. State of Wisconsin Investment Board raised its position in 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 valued at $1,625,486,000 after acquiring an additional 1,060,181 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $400,736,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after acquiring an additional 60,000 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded down $0.42 during trading hours on Tuesday, reaching $212.77. The company had a trading volume of 4,758,588 shares, compared to its average volume of 11,991,229. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The business’s 50 day moving average price is $216.30 and its 200-day moving average price is $209.87. The firm has a market cap of $96.69 billion, a PE ratio of 20.10 and a beta of 0.92.

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.