Allen Investment Management LLC Buys 35,220 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Allen Investment Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 142,450 shares of the company’s stock after buying an additional 35,220 shares during the period. Allen Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Varma Mutual Pension Insurance Co bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $327,184,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $287,168,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after buying an additional 959,176 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after buying an additional 955,677 shares during the last quarter. Finally, MKP Capital Management L.L.C. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $99,994,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $209.21 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $174.27 and a 52-week high of $209.77. The firm has a market capitalization of $90.26 billion, a P/E ratio of 20.10 and a beta of 0.92. The stock has a 50 day moving average price of $200.12 and a 200 day moving average price of $197.36.

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). 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.