Allen Capital Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the fourth quarter, Holdings Channel reports. The firm purchased 2,667 shares of the company’s stock, valued at approximately $511,000.
Several other hedge funds have also made changes to their positions in RSP. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $26,000. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $33,000. Finally, Cloud Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $35,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
Invesco S&P 500 Equal Weight ETF stock opened at $206.58 on Tuesday. The firm has a market cap of $89.12 billion, a P/E ratio of 20.10 and a beta of 0.92. The business has a fifty day moving average of $198.72 and a two-hundred day moving average of $196.64. Invesco S&P 500 Equal Weight ETF has a twelve month low of $173.00 and a twelve month high of $206.97.
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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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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