Carret Asset Management LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Carret Asset Management LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,025 shares of the company’s stock after buying an additional 2,208 shares during the quarter. Carret Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,639,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RSP. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 219.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the period. Japan Science & Technology Agency purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $656,908,000. Phoenix Financial Ltd. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $269,253,000. Invesco Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after purchasing an additional 1,195,627 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after purchasing an additional 1,069,297 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $188.33 on Thursday. The stock has a market capitalization of $72.72 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $192.33. The business has a fifty day moving average price of $188.90 and a 200 day moving average price of $182.02.

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).