Element Squared LLC Purchases 22,051 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Element Squared LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,856 shares of the company’s stock after purchasing an additional 22,051 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 10.5% of Element Squared LLC’s holdings, making the stock its 2nd biggest holding. Element Squared LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $26,000. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $26,000. Aviso Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $29,000. Finally, Hurley Capital LLC grew its position in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $212.77 on Wednesday. The stock has a 50 day moving average of $206.65 and a 200 day moving average of $200.51. The firm has a market capitalization of $91.79 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $214.30.

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.