Mather Group LLC. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,455 shares of the company’s stock, valued at approximately $2,799,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Bank of America Corp DE increased its stake in 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 valued at $4,869,022,000 after acquiring 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 purchasing an additional 444,846 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $400,736,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Invesco S&P 500 Equal Weight ETF by 3.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Invesco S&P 500 Equal Weight ETF by 8.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,434,548 shares of the company’s stock worth $274,802,000 after purchasing an additional 108,552 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Up 1.4%
RSP opened at $215.00 on Friday. The stock has a 50-day moving average price of $215.93 and a 200-day moving average price of $210.35. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The stock has a market capitalization of $98.68 billion, a P/E 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.
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