Migdal Insurance & Financial Holdings Ltd. Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 778.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,755 shares of the company’s stock after acquiring an additional 17,506 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pacific Point Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after buying an additional 52 shares during the last quarter. Drucker Wealth 3.0 LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after buying an additional 55 shares during the last quarter. Strategies Wealth Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.5% during the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after buying an additional 55 shares during the period. Battery Global Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after acquiring an additional 55 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after acquiring an additional 57 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.6%

NYSEARCA RSP opened at $202.55 on Wednesday. The company has a market capitalization of $88.68 billion, a P/E ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a 52 week low of $160.93 and a 52 week high of $205.24. The stock’s 50-day moving average price is $198.02 and its 200-day moving average price is $194.44.

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). 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.