IPG Investment Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 11.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,330 shares of the company’s stock after acquiring an additional 7,566 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.4% of IPG Investment Advisors LLC’s holdings, making the stock its 9th biggest position. IPG Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,664,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of RSP. Varma Mutual Pension Insurance Co bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $327,184,000. Axxcess Wealth Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 5,593.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after acquiring an additional 955,677 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after acquiring an additional 635,369 shares in the last quarter. AlphaCore Capital LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 622.2% during the 4th quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock valued at $113,698,000 after acquiring an additional 511,351 shares in the last quarter. Finally, Endurance Services Ltd bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $96,962,000. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Down 0.1%
Shares of NYSEARCA:RSP opened at $207.49 on Thursday. The stock’s fifty day simple moving average is $199.26 and its two-hundred day simple moving average is $196.93. Invesco S&P 500 Equal Weight ETF has a 1-year low of $174.27 and a 1-year high of $208.73. The stock has a market cap of $89.51 billion, a PE ratio of 20.10 and a beta of 0.92.
About Invesco S&P 500 Equal Weight ETF
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.
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