Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Sets New 12-Month High – Here’s What Happened

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) shares hit a new 52-week high on Wednesday . The stock traded as high as $183.23 and last traded at $182.90, with a volume of 396526 shares trading hands. The stock had previously closed at $178.67.

Invesco S&P 500 Equal Weight ETF Price Performance

The company’s 50-day moving average price is $177.68 and its two-hundred day moving average price is $170.47. The company has a market capitalization of $61.66 billion, a P/E ratio of 20.44 and a beta of 0.90.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. GHP Investment Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. Richardson Financial Services Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its stake in Invesco S&P 500 Equal Weight ETF by 107.5% during the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares in the last quarter.

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).