Montag & Caldwell LLC Invests $519,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Montag & Caldwell LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,290 shares of the company’s stock, valued at approximately $519,000.

A number of other hedge funds also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after acquiring an additional 2,153,993 shares during the period. Bank of New York Mellon Corp boosted its position in Invesco S&P 500 Equal Weight ETF by 70.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock worth $528,915,000 after acquiring an additional 1,545,894 shares during the last quarter. Chai Trust Co. LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 926.0% in the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock valued at $241,693,000 after buying an additional 1,539,527 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 53.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,120,094 shares of the company’s stock valued at $449,410,000 after acquiring an additional 1,082,620 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $165,805,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.6 %

Shares of RSP traded up $0.91 during trading hours on Monday, hitting $163.34. 1,522,089 shares of the company were exchanged, compared to its average volume of 6,530,630. The firm’s fifty day moving average is $164.11 and its 200 day moving average is $155.22. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The company has a market cap of $55.46 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.

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).