Invesco S&P 500 Equal Weight ETF $RSP Stock: Verdence Capital Advisors LLC Grows Stake

Verdence Capital Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 251.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,585 shares of the company’s stock after buying an additional 51,216 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight ETF by 16.4% during 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. BlueCrest Capital Management Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $400,736,000. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $155,449,000. Rokos Capital Management LLP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $134,688,000. Finally, Quantum Portfolio Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $104,325,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $217.29 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The stock has a market capitalization of $99.69 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company has a fifty day moving average of $215.35 and a 200-day moving average of $207.21.

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.