Madison Asset Management LLC Purchases New Shares in Invesco S&P 500 Equal Weight ETF $RSP

Madison Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 4,477 shares of the company’s stock, valued at approximately $858,000.

Several other hedge funds have also added to or reduced their stakes in RSP. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $327,184,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after acquiring an additional 635,369 shares in the last quarter. Endurance Services Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $96,962,000. Schusterman Interests LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 420.8% in the third quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock worth $118,562,000 after acquiring an additional 505,000 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $83,931,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Invesco S&P 500 Equal Weight ETF stock opened at $203.66 on Friday. The business’s fifty day simple moving average is $197.92 and its two-hundred day simple moving average is $195.88. Invesco S&P 500 Equal Weight ETF has a 12 month low of $173.00 and a 12 month high of $205.53. The company has a market capitalization of $87.86 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.