PartnerRe Asset Management CORP purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 139,696 shares of the company’s stock, valued at approximately $26,760,000. Invesco S&P 500 Equal Weight ETF comprises approximately 19.2% of PartnerRe Asset Management CORP’s holdings, making the stock its 2nd biggest position.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $29,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $32,000. Finally, IMA Advisory Services Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $33,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA RSP opened at $191.08 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The firm has a 50-day simple moving average of $199.10 and a two-hundred day simple moving average of $193.42. The company has a market cap of $79.24 billion, a P/E ratio of 20.10 and a beta of 0.99.
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). 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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