Royal Harbor Partners LLC Makes New $5.26 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

Royal Harbor Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, HoldingsChannel reports. The institutional investor purchased 27,385 shares of the company’s stock, valued at approximately $5,256,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.8% of Royal Harbor Partners LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of 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 worth $6,004,682,000 after buying an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board grew its holdings in Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after acquiring an additional 1,060,181 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $214.91 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $215.61. The stock has a market cap of $93.84 billion, a PE ratio of 20.10 and a beta of 0.91. The company’s 50-day moving average price is $207.09 and its two-hundred day moving average price is $200.79.

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.