Invesco S&P 500 Equal Weight ETF $RSP Position Boosted by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% in the first quarter, Holdings Channel.com reports. The fund owned 477,901 shares of the company’s stock after purchasing an additional 19,233 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 5.7% of FAS Wealth Partners Inc.’s holdings, making the stock its biggest position. FAS Wealth Partners Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $91,719,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after purchasing an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $306,496,000. Finally, BW Gestao de Investimentos Ltda. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $287,168,000. 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 stock opened at $215.01 on Monday. The stock has a market capitalization of $97.26 billion, a price-to-earnings 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 $218.11. The stock’s 50-day moving average price is $211.72 and its 200-day moving average price is $203.78.

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.