Lifestyle Asset Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,109 shares of the company’s stock, valued at approximately $9,547,000. Invesco S&P 500 Equal Weight ETF accounts for about 5.2% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 3rd largest holding.
Other institutional investors and hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $28,000. Van ECK Associates Corp increased its stake in Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares during the period. Cambridge Financial Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $28,000. Bridge Generations Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Finally, Joseph Group Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000.
Invesco S&P 500 Equal Weight ETF Stock Performance
RSP stock opened at $177.64 on Thursday. The company’s 50 day moving average price is $169.75 and its 200 day moving average price is $175.97. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16. The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 20.59 and a beta of 0.99.
Invesco S&P 500 Equal Weight ETF Company 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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