Independent Wealth Network Inc. Buys Shares of 3,074 Invesco S&P 500 Equal Weight ETF $RSP

Independent Wealth Network Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,074 shares of the company’s stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $306,496,000. BW Gestao de Investimentos Ltda. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares in 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 Performance

Shares of RSP opened at $211.75 on Friday. The company’s 50-day simple moving average is $205.99 and its 200-day simple moving average is $200.08. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.35 and a 1 year high of $214.30. The stock has a market capitalization of $91.35 billion, a PE ratio of 20.10 and a beta of 0.91.

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.