Parkside Investments LLC purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,180 shares of the company’s stock, valued at approximately $625,000.
Several other hedge funds also recently made changes to their positions in the stock. Gateway Advisory LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 9,007.8% in the 1st quarter. Gateway Advisory LLC now owns 13,837,665 shares of the company’s stock worth $13,838,000 after purchasing an additional 13,685,733 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 104,839.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,956,524 shares of the company’s stock worth $1,123,859,000 after buying an additional 7,948,942 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 24.2% in the fourth quarter. Bank of America Corp DE now owns 11,938,800 shares of the company’s stock valued at $1,686,355,000 after acquiring an additional 2,326,405 shares during the period. Morgan Stanley grew its stake in Invesco S&P 500 Equal Weight ETF by 11.1% during the fourth quarter. Morgan Stanley now owns 14,772,231 shares of the company’s stock valued at $2,086,578,000 after acquiring an additional 1,474,149 shares in the last quarter. Finally, Cowa LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 13,794.7% during the 1st quarter. Cowa LLC now owns 942,754 shares of the company’s stock worth $35,000 after acquiring an additional 935,969 shares during the period.
Invesco S&P 500 Equal Weight ETF Price Performance
NYSEARCA:RSP traded down $1.00 during trading hours on Friday, hitting $147.83. The stock had a trading volume of 1,054,353 shares, compared to its average volume of 4,227,176. The company has a 50 day simple moving average of $150.65 and a two-hundred day simple moving average of $146.22. The firm has a market capitalization of $41.79 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $124.92 and a one year high of $155.77.
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).
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