Analyst IMS Investment Management Services Ltd. Purchases 10,400 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Analyst IMS Investment Management Services Ltd. increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 35.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,680 shares of the company’s stock after buying an additional 10,400 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $25,000. Uniplan Investment Counsel Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $26,000. Investment Counsel Co. of Nevada bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $32,000. Finally, Howe & Rusling Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the first 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. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $193.52 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $195.46. The business has a 50 day simple moving average of $190.00 and a two-hundred day simple moving average of $187.28. The stock has a market capitalization of $74.86 billion, a PE ratio of 20.10 and a beta of 0.99.

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.