Victrix Investment Advisors bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,437 shares of the company’s stock, valued at approximately $1,999,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after buying an additional 6,481 shares during the period. Roman Butler Fullerton & Co. grew its position in Invesco S&P 500 Equal Weight ETF by 67.0% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after purchasing an additional 4,358 shares during the period. Banta Asset Management LP acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $1,654,000. Allen Investment Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares during the period. Finally, Empirical Asset Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 417.0% in the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after purchasing an additional 9,311 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 0.8%
NYSEARCA RSP opened at $210.83 on Friday. The company has a fifty day simple moving average of $201.24 and a 200 day simple moving average of $197.81. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $210.95. The company has a market cap of $90.95 billion, a P/E ratio of 20.10 and a beta of 0.91.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Buy the Dip? Broadcom’s AI Moat Is Wider Than Ever
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
