Daiwa Securities Group Inc. Invests $694,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Daiwa Securities Group Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,400 shares of the company’s stock, valued at approximately $694,000.

Other hedge funds have also recently bought and sold shares of the company. Archer Investment Corp increased its holdings in Invesco S&P 500 Equal Weight ETF by 118.9% during the 4th quarter. Archer Investment Corp now owns 46,357 shares of the company’s stock valued at $7,315,000 after acquiring an additional 25,177 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 484.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 29,518 shares of the company’s stock valued at $4,661,000 after purchasing an additional 24,468 shares during the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.7% during the 4th quarter. TRUE Private Wealth Advisors now owns 301,705 shares of the company’s stock worth $47,609,000 after purchasing an additional 38,702 shares in the last quarter. Astor Investment Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 68.6% during the 4th quarter. Astor Investment Management LLC now owns 123,488 shares of the company’s stock worth $19,486,000 after purchasing an additional 50,266 shares during the last quarter. Finally, First Interstate Bank lifted its stake in Invesco S&P 500 Equal Weight ETF by 10.0% in the 4th quarter. First Interstate Bank now owns 7,453 shares of the company’s stock valued at $1,176,000 after buying an additional 678 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $162.29 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The company has a market capitalization of $55.10 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. The stock has a fifty day moving average of $164.06 and a two-hundred day moving average of $154.89.

About Invesco S&P 500 Equal Weight ETF

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).