Engineers Gate Manager LP Boosts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Engineers Gate Manager LP raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 166.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 304,722 shares of the company’s stock after buying an additional 190,271 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 0.7% of Engineers Gate Manager LP’s holdings, making the stock its 22nd largest position. Engineers Gate Manager LP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $58,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in RSP. Cary Street Partners Investment Advisory LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 5.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares in the last quarter. Drucker Wealth 3.0 LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after acquiring an additional 55 shares in the last quarter. Strategies Wealth Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after purchasing an additional 55 shares during the period. Finally, Battery Global Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 1.5%

Shares of NYSEARCA RSP opened at $208.99 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $214.30. The company has a market cap of $90.16 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock has a fifty day moving average price of $204.48 and a 200 day moving average price of $199.28.

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.