Aznar Financial Advisors LLC Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Aznar Financial Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, Holdings Channel reports. The firm bought 4,888 shares of the company’s stock, valued at approximately $936,000. Invesco S&P 500 Equal Weight ETF comprises about 0.9% of Aznar Financial Advisors LLC’s portfolio, making the stock its 20th largest holding.

Several other institutional investors have also recently made changes to their positions in RSP. Morgan Stanley grew its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after purchasing an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $306,496,000. 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. Finally, State of Wisconsin Investment Board boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after buying an additional 1,060,181 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $209.96 on Friday. The stock’s 50 day moving average price is $204.81 and its 200-day moving average price is $199.40. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $214.30. The stock has a market cap of $90.58 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.