Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 12-Month High – Here’s What Happened

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $221.23 and last traded at $220.89, with a volume of 914891 shares trading hands. The stock had previously closed at $220.22.

Invesco S&P 500 Equal Weight ETF Price Performance

The stock has a 50-day simple moving average of $213.08 and a 200-day simple moving average of $204.67. The stock has a market cap of $99.78 billion, a P/E ratio of 20.10 and a beta of 0.91.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $83,931,000. Bison Wealth LLC raised its position in Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $279,000. 61.18% of the stock is owned by institutional investors.

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.