Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Sets New 52-Week High – Here’s What Happened

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) reached a new 52-week high on Friday . The company traded as high as $192.80 and last traded at $192.64, with a volume of 2792744 shares changing hands. The stock had previously closed at $191.55.

Invesco S&P 500 Equal Weight ETF Stock Performance

The company has a market cap of $74.27 billion, a P/E ratio of 20.10 and a beta of 0.99. The business has a 50 day moving average price of $188.81 and a two-hundred day moving average price of $185.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSP. Strategic Investment Solutions Inc. IL bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $56,000. IFP Advisors Inc increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.1% in the third quarter. IFP Advisors Inc now owns 170,159 shares of the company’s stock valued at $32,281,000 after acquiring an additional 6,754 shares during the period. Private Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% during the third quarter. Private Wealth Advisors LLC now owns 3,296 shares of the company’s stock valued at $625,000 after acquiring an additional 58 shares during the last quarter. LTG Capital LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the third quarter. LTG Capital LLC now owns 112,778 shares of the company’s stock worth $21,394,000 after purchasing an additional 1,368 shares during the period. Finally, Investment Research Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $2,595,000. Institutional investors own 61.18% of the company’s stock.

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).