Gainplan LLC Purchases 3,160 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Gainplan LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.2% during the second quarter, HoldingsChannel reports. The firm owned 34,228 shares of the company’s stock after acquiring an additional 3,160 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 2.9% of Gainplan LLC’s holdings, making the stock its 6th largest position. Gainplan LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,283,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Morgan Stanley raised its stake in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after purchasing an additional 959,176 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. Invesco Ltd. increased its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after purchasing an additional 444,846 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $219.73 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $221.09. The company has a market cap of $99.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm has a 50 day simple moving average of $212.42 and a 200 day simple moving average of $204.21.

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.