Darden Wealth Group Inc purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,710 shares of the company’s stock, valued at approximately $311,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock valued at $4,080,267,000 after purchasing an additional 396,957 shares during the last quarter. Invesco Ltd. boosted its position in Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after purchasing an additional 1,195,627 shares during the period. Goldman Sachs Group Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 219.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the last quarter. LPL Financial LLC increased its position in Invesco S&P 500 Equal Weight ETF by 20.5% in the first quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock worth $911,326,000 after buying an additional 894,245 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Invesco S&P 500 Equal Weight ETF by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock valued at $876,058,000 after buying an additional 1,069,297 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of RSP opened at $191.26 on Friday. The firm has a fifty day moving average of $188.66 and a 200-day moving average of $181.32. The company has a market cap of $73.85 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.30.
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).
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