Stephens Inc. AR boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,182 shares of the company’s stock after purchasing an additional 3,440 shares during the quarter. Stephens Inc. AR’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,027,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $25,000. Uniplan Investment Counsel Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $26,000. Richardson Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $30,000. Howe & Rusling Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares in the last quarter. Finally, Olde Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $37,000. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Up 1.0%
RSP stock opened at $189.89 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30. The company has a market capitalization of $73.40 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. The firm’s 50-day moving average is $188.30 and its two-hundred day moving average is $180.49.
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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