Invesco S&P 500 Equal Weight ETF $RSP is Total Investment Management Inc.’s 8th Largest Position

Total Investment Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 342,244 shares of the company’s stock after buying an additional 4,826 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 8.4% of Total Investment Management Inc.’s portfolio, making the stock its 8th largest holding. Total Investment Management Inc. owned about 0.08% of Invesco S&P 500 Equal Weight ETF worth $65,560,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RSP. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. Finally, Cloud Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $35,000. 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 RSP opened at $203.24 on Wednesday. The business’s 50-day moving average is $197.89 and its two-hundred day moving average is $195.18. The company has a market capitalization of $87.68 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $169.48 and a fifty-two week high of $205.24.

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.