Nicollet Investment Management Inc. Invests $8.42 Million in Invesco S&P 500 Equal Weight ETF $RSP

Nicollet Investment Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 43,943 shares of the company’s stock, valued at approximately $8,418,000. Invesco S&P 500 Equal Weight ETF accounts for about 2.7% of Nicollet Investment Management Inc.’s portfolio, making the stock its 10th largest position.

Several other large investors have also modified their holdings of the stock. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000. Finally, Goodman Advisory Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $35,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $206.53 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $210.95. The company’s 50 day moving average price is $202.66 and its 200 day moving average price is $198.48. The firm has a market capitalization of $89.10 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.