Rothschild Wealth LLC Buys New Position in Invesco S&P 500 Equal Weight ETF $RSP

Rothschild Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,170 shares of the company’s stock, valued at approximately $2,906,000.

Several other hedge funds also recently modified their holdings of RSP. Morgan Stanley boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after buying an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $306,496,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $287,168,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after buying an additional 959,176 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.3%

Shares of NYSEARCA:RSP opened at $212.17 on Wednesday. The stock has a market cap of $91.53 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $214.30. The business’s 50 day moving average is $204.17 and its 200 day moving average is $199.14.

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.