Varma Mutual Pension Insurance Co Buys New Stake in Invesco S&P 500 Equal Weight ETF $RSP

Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,708,000 shares of the company’s stock, valued at approximately $327,184,000. Invesco S&P 500 Equal Weight ETF makes up about 2.0% of Varma Mutual Pension Insurance Co’s investment portfolio, making the stock its 11th biggest position.

Several other large investors have also recently bought and sold shares of the business. Sun Financial Inc purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $209,000. KPP Advisory Services LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.0% in the fourth quarter. KPP Advisory Services LLC now owns 20,629 shares of the company’s stock valued at $3,952,000 after buying an additional 594 shares during the last quarter. Advisors Preferred LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 29.4% in the fourth quarter. Advisors Preferred LLC now owns 28,799 shares of the company’s stock valued at $5,554,000 after acquiring an additional 6,548 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 29.8% in the fourth quarter. AlphaStar Capital Management LLC now owns 9,538 shares of the company’s stock valued at $1,827,000 after acquiring an additional 2,192 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.7% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 5,271 shares of the company’s stock valued at $1,010,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $202.82 on Monday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $169.48 and a 1 year high of $205.24. The company has a market capitalization of $87.50 billion, a PE ratio of 20.10 and a beta of 0.92. The company has a fifty day moving average of $197.91 and a two-hundred day moving average of $195.08.

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). 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.