Hi Line Capital Management LLC Buys New Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Hi Line Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,557 shares of the company’s stock, valued at approximately $7,107,000. Invesco S&P 500 Equal Weight ETF accounts for 3.1% of Hi Line Capital Management LLC’s portfolio, making the stock its 11th largest holding.

A number of other large investors have also recently bought and sold shares of RSP. Strategic Financial Concepts LLC grew its position 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 acquiring an additional 8,451,521 shares during the period. SPX Gestao de Recursos Ltda grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% during 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 bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $83,931,000. Penserra Capital Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,274.4% during 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, First Interstate Bank grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,324.6% during the third quarter. First Interstate Bank now owns 379,553 shares of the company’s stock worth $68,001,000 after purchasing an additional 363,899 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $179.82 on Monday. The stock’s fifty day moving average is $178.93 and its 200-day moving average is $178.55. The stock has a market capitalization of $60.23 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16.

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).