Bauman Advisory Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 26,402 shares of the company’s stock, valued at approximately $5,067,000. Invesco S&P 500 Equal Weight ETF comprises about 3.6% of Bauman Advisory Group LLC’s holdings, making the stock its 6th biggest position.
Several other large investors also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th 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 last quarter. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board raised its position in Invesco S&P 500 Equal Weight ETF by 14.3% in 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 purchasing 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 Trading Up 1.0%
Invesco S&P 500 Equal Weight ETF stock opened at $215.06 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The firm has a market capitalization of $96.58 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock’s fifty day simple moving average is $209.39 and its 200-day simple moving average is $202.27.
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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