Bridges Investment Management Inc. Has $60.72 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Bridges Investment Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 316,978 shares of the company’s stock after buying an additional 40,210 shares during the period. Bridges Investment Management Inc. owned approximately 0.08% of Invesco S&P 500 Equal Weight ETF worth $60,720,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. Aviso Financial Inc. bought 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. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $33,000. Finally, Goodman Advisory Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

RSP stock opened at $210.04 on Wednesday. The stock has a market capitalization of $90.61 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.93 and a 12 month high of $210.12. The firm 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 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.