Harbour Investments Inc. Grows Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Harbour Investments Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,003 shares of the company’s stock after buying an additional 2,779 shares during the quarter. Harbour Investments Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Strategic Financial Concepts LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock valued at $1,487,984,000 after buying an additional 8,451,521 shares during the last quarter. SPX Gestao de Recursos Ltda raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after purchasing an additional 839,150 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $83,931,000. Penserra Capital Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,274.4% in the third quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after purchasing an additional 465,623 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 32,458.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 362,372 shares of the company’s stock worth $70,074,000 after purchasing an additional 361,259 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.9 %

Shares of NYSEARCA:RSP opened at $172.66 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The stock has a market cap of $71.93 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07. The business has a 50-day moving average price of $178.73 and a 200-day moving average price of $179.07.

About Invesco S&P 500 Equal Weight ETF

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).