Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $200.78 and last traded at $200.2490, with a volume of 5307041 shares trading hands. The stock had previously closed at $199.40.
Invesco S&P 500 Equal Weight ETF Stock Up 0.4%
The company has a fifty day moving average of $192.50 and a two-hundred day moving average of $189.14. The stock has a market capitalization of $80.64 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.
Institutional Trading of Invesco S&P 500 Equal Weight ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $26,000. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $28,000. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $29,000. Finally, Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Company 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
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