Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 1-Year Low – What’s Next?

Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) hit a new 52-week low during trading on Friday . The company traded as low as $157.95 and last traded at $160.85, with a volume of 6046361 shares trading hands. The stock had previously closed at $166.53.

Invesco S&P 500 Equal Weight ETF Stock Performance

The business’s 50-day moving average is $177.08 and its two-hundred day moving average is $178.95. The firm has a market capitalization of $65.67 billion, a price-to-earnings ratio of 21.02 and a beta of 1.01.

Invesco S&P 500 Equal Weight ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.8308 per share. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

Large investors have recently modified their holdings of the business. Invesco Ltd. increased its holdings in Invesco S&P 500 Equal Weight ETF by 30.6% during the 4th quarter. Invesco Ltd. now owns 9,993,434 shares of the company’s stock worth $1,751,149,000 after purchasing an additional 2,338,882 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21,084.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after purchasing an additional 8,451,521 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 318.5% during the 4th quarter. Texas Permanent School Fund Corp now owns 8,162,449 shares of the company’s stock valued at $1,430,306,000 after acquiring an additional 6,211,920 shares during the period. LPL Financial LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 6.7% during the fourth quarter. LPL Financial LLC now owns 4,366,543 shares of the company’s stock worth $765,149,000 after buying an additional 275,904 shares in the last quarter. Finally, Temasek Holdings Private Ltd bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $720,730,000.

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).