Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Reaches New 12-Month High – Here’s What Happened

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) reached a new 52-week high during trading on Thursday . The company traded as high as $208.73 and last traded at $207.49, with a volume of 9743606 shares changing hands. The stock had previously closed at $207.64.

Invesco S&P 500 Equal Weight ETF Stock Down 0.1%

The firm has a market cap of $89.51 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company’s 50-day moving average price is $199.26 and its 200-day moving average price is $196.93.

Institutional Trading of Invesco S&P 500 Equal Weight ETF

Hedge funds have recently made changes to their positions in the business. Brookstone Capital Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after buying an additional 6,481 shares during the last quarter. Argent Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after buying an additional 3,135 shares during the last quarter. Roman Butler Fullerton & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after buying an additional 4,358 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $4,966,000. Finally, Empirical Asset Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 417.0% during the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after buying an additional 9,311 shares during the last quarter. Institutional investors and hedge funds 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.