NewEdge Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528,103 shares of the company’s stock after purchasing an additional 76,324 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $112,364,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of RSP. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $26,000. Brandywine Financial Group boosted its stake in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $29,000. Rogco LP bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $34,000. Finally, Hurley Capital LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
RSP stock opened at $216.73 on Wednesday. The company has a market capitalization of $97.94 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The company’s 50 day moving average price is $217.41 and its two-hundred day moving average price is $207.62.
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.
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