Invesco S&P 500 Equal Weight ETF $RSP Stock Position Raised by State of Wisconsin Investment Board

State of Wisconsin Investment Board increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.3% during the 4th quarter, HoldingsChannel reports. The firm owned 8,485,519 shares of the company’s stock after buying an additional 1,060,181 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 3.6% of State of Wisconsin Investment Board’s holdings, making the stock its 4th largest position. State of Wisconsin Investment Board’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,625,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Brighton Jones LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $83,931,000. Bison Wealth LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $279,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

Shares of RSP stock opened at $212.17 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $214.30. The firm’s 50 day moving average is $204.17 and its 200 day moving average is $199.14. The stock has a market capitalization of $91.53 billion, a P/E ratio of 20.10 and a beta of 0.91.

Invesco S&P 500 Equal Weight ETF 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.