Bedel Financial Consulting Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 23.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,187 shares of the company’s stock after purchasing an additional 414 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Strategic Financial Concepts LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 21,084.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock valued at $1,487,984,000 after purchasing an additional 8,451,521 shares during the period. SPX Gestao de Recursos Ltda lifted its position in Invesco S&P 500 Equal Weight ETF by 1,502.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after purchasing an additional 839,150 shares during the period. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $83,931,000. Penserra Capital Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 2,274.4% during the third quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock valued at $87,088,000 after purchasing an additional 465,623 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 1,116.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 386,527 shares of the company’s stock valued at $64,951,000 after purchasing an additional 354,742 shares during the period.
Invesco S&P 500 Equal Weight ETF Price Performance
NYSEARCA RSP opened at $178.26 on Tuesday. The company has a fifty day moving average of $179.19 and a 200 day moving average of $179.05. The company has a market capitalization of $74.10 billion, a PE ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16.
Invesco S&P 500 Equal Weight ETF Profile
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).
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