153,100 Shares in Invesco S&P 500 Equal Weight ETF $RSP Purchased by Sachem Head Capital Management LP

Sachem Head Capital Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 153,100 shares of the company’s stock, valued at approximately $29,328,000. Invesco S&P 500 Equal Weight ETF makes up approximately 0.7% of Sachem Head Capital Management LP’s holdings, making the stock its 20th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in RSP. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. Goodman Advisory Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $35,000. Finally, Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $40,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $211.65 on Monday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $212.12. The stock has a market cap of $91.31 billion, a PE ratio of 20.10 and a beta of 0.91. The company has a 50-day moving average of $203.40 and a two-hundred day moving average of $198.83.

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.