Financially Speaking Inc Invests $31.48 Million in Invesco S&P 500 Equal Weight ETF $RSP

Financially Speaking Inc purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, HoldingsChannel reports. The firm purchased 164,337 shares of the company’s stock, valued at approximately $31,480,000. Invesco S&P 500 Equal Weight ETF comprises 20.4% of Financially Speaking Inc’s investment portfolio, making the stock its largest position.

A number of other large investors have also added to or reduced their stakes in RSP. Morgan Stanley raised its stake in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $306,496,000. BW Gestao de Investimentos Ltda. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $287,168,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after acquiring an additional 959,176 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9%

RSP opened at $211.65 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $212.12. The stock’s fifty day simple moving average is $203.40 and its 200 day simple moving average is $198.74. The stock has a market cap of $91.31 billion, a PE ratio of 20.10 and a beta of 0.91.

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.