Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 84.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,627 shares of the company’s stock after buying an additional 66,049 shares during the quarter. Bleakley Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,757,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Hurley Capital LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $42,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $214.23 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The firm has a market cap of $96.70 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock’s 50-day simple moving average is $208.80 and its 200-day simple moving average is $201.85.

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.