NTV Asset Management LLC Makes New $26.32 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

NTV Asset Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 126,538 shares of the company’s stock, valued at approximately $26,323,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.4% of NTV Asset Management LLC’s holdings, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Bank of America Corp DE increased its stake in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $400,736,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after purchasing an additional 60,000 shares in the last quarter. Trust Co of Tennessee lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after purchasing an additional 12,435 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 19.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 830,928 shares of the company’s stock worth $159,472,000 after purchasing an additional 135,061 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $216.54 on Friday. The stock has a 50-day simple moving average of $215.28 and a 200-day simple moving average of $211.23. The stock has a market capitalization of $99.53 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43.

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.