QRG Capital Management Inc. Raises Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

QRG Capital Management Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 241.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,685 shares of the company’s stock after acquiring an additional 4,730 shares during the period. QRG Capital Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,283,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Hurley Capital LLC raised its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $42,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1%

Invesco S&P 500 Equal Weight ETF stock opened at $214.73 on Wednesday. The firm has a market cap of $95.83 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $216.37. The stock’s 50 day simple moving average is $207.84 and its two-hundred day simple moving average is $201.26.

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.