Kestra Investment Management LLC Boosts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Kestra Investment Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 42.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,995 shares of the company’s stock after buying an additional 3,859 shares during the quarter. Kestra Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,489,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in RSP. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $28,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $206.58 on Tuesday. The company has a market capitalization of $89.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm has a 50-day moving average price of $198.72 and a 200-day moving average price of $196.64. Invesco S&P 500 Equal Weight ETF has a twelve month low of $173.00 and a twelve month high of $206.97.

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.