Clarus Group Inc. Has $11 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Clarus Group Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 58,001 shares of the company’s stock after acquiring an additional 3,742 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 3.8% of Clarus Group Inc.’s portfolio, making the stock its 6th biggest holding. Clarus Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,003,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $29,000. Tompkins Financial Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $32,000. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Copia Wealth Management increased its position in shares of Invesco S&P 500 Equal Weight ETF by 335.8% during the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after purchasing an additional 178 shares during the last quarter. Finally, Howe & Rusling Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 51.9% during the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after purchasing an additional 98 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2%

Shares of RSP opened at $199.24 on Tuesday. The company has a market cap of $82.68 billion, a PE ratio of 20.10 and a beta of 0.99. The business has a fifty day moving average of $193.25 and a 200 day moving average of $189.48. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $200.78.

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.