Greenwood Gearhart LLC Buys 9,678 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Greenwood Gearhart LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,890 shares of the company’s stock after buying an additional 9,678 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.5% of Greenwood Gearhart LLC’s portfolio, making the stock its 14th largest holding. Greenwood Gearhart LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $46,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSP. Morgan Stanley boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $287,168,000. Finally, State of Wisconsin Investment Board lifted its stake in Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $213.37 on Monday. The firm has a fifty day moving average price of $209.58 and a two-hundred day moving average price of $202.41. The company has a market cap of $95.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37.

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.