Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $208.73 and last traded at $207.49, with a volume of 9743606 shares trading hands. The stock had previously closed at $207.64.
Invesco S&P 500 Equal Weight ETF Stock Up 0.3%
The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business’s 50 day simple moving average is $199.81 and its 200-day simple moving average is $197.16.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF
Large investors have recently bought and sold shares of the company. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. NBZ Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Finally, IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $33,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Company 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). 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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