Willis Investment Counsel boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 31.2% during the fourth quarter, HoldingsChannel reports. The fund owned 65,513 shares of the company’s stock after buying an additional 15,595 shares during the quarter. Willis Investment Counsel’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,550,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $26,000. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $32,000. Finally, IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $33,000. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of Invesco S&P 500 Equal Weight ETF stock opened at $197.96 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.81 and a 52-week high of $205.24. The stock’s 50-day simple moving average is $197.98 and its 200 day simple moving average is $193.70. The stock has a market capitalization of $87.88 billion, a P/E ratio of 20.10 and a beta of 0.97.
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). 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.
Further Reading
Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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