NewEdge Wealth LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 27.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 63,947 shares of the company’s stock after purchasing an additional 13,872 shares during the quarter. NewEdge Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,205,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of RSP. Simmons Bank lifted its stake in Invesco S&P 500 Equal Weight ETF by 49.0% in the 4th quarter. Simmons Bank now owns 25,594 shares of the company’s stock valued at $4,485,000 after acquiring an additional 8,413 shares in the last quarter. Magnolia Private Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $468,000. Sincerus Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,574,000. Red Crane Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $627,000. Finally, LifeGoal Wealth Advisors bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $218,000.
Invesco S&P 500 Equal Weight ETF Trading Down 0.2 %
Shares of RSP stock opened at $179.77 on Thursday. The firm’s fifty day moving average price is $179.00 and its two-hundred day moving average price is $178.75. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16. The firm has a market capitalization of $74.73 billion, a P/E ratio of 21.37 and a beta of 1.07.
Invesco S&P 500 Equal Weight ETF 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).
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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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