Precedent Wealth Partners LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,666 shares of the company’s stock after purchasing an additional 1,528 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.0% of Precedent Wealth Partners LLC’s portfolio, making the stock its 24th largest position. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,096,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Invesco S&P 500 Equal Weight ETF by 174.6% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after purchasing an additional 1,488,000 shares during the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1,502.5% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after buying an additional 839,150 shares in the last quarter. Penserra Capital Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 2,274.4% in the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock valued at $87,088,000 after buying an additional 465,623 shares during the last quarter. Finally, First Interstate Bank increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,324.6% in the 3rd quarter. First Interstate Bank now owns 379,553 shares of the company’s stock valued at $68,001,000 after buying an additional 363,899 shares during the period.
Invesco S&P 500 Equal Weight ETF Stock Down 0.1 %
Shares of RSP opened at $182.19 on Friday. The stock’s fifty day simple moving average is $180.39 and its 200-day simple moving average is $176.57. The firm has a market capitalization of $61.02 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $155.79 and a 12-month high of $188.16.
Invesco S&P 500 Equal Weight ETF 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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