24,765 Shares of Invesco S&P 500 Equal Weight ETF $RSP Bought by Granite Islands Private Wealth LLC

Granite Islands Private Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,765 shares of the company’s stock, valued at approximately $5,152,000. Invesco S&P 500 Equal Weight ETF makes up about 3.0% of Granite Islands Private Wealth LLC’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $400,736,000. Eastern Bank bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $155,449,000. Rokos Capital Management LLP bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth $134,688,000. Finally, Quantum Portfolio Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth $104,325,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.4%

RSP stock opened at $215.00 on Friday. The stock has a market cap of $98.68 billion, a P/E ratio of 20.10 and a beta of 0.92. The stock’s fifty day simple moving average is $215.93 and its two-hundred day simple moving average is $210.35. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43.

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.