Sage Financial Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 4th quarter, HoldingsChannel reports. The firm acquired 173,187 shares of the company’s stock, valued at approximately $33,176,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.2% of Sage Financial Group Inc.’s portfolio, making the stock its 10th largest holding.
Other institutional investors have also added to or reduced their stakes in the company. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $26,000. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA:RSP opened at $203.16 on Friday. The company has a fifty day moving average of $198.01 and a 200-day moving average of $194.24. The company has a market capitalization of $88.99 billion, a PE ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a 52-week low of $157.71 and a 52-week high of $205.24.
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.
See Also
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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