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)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $216.93 and last traded at $216.75, with a volume of 1162560 shares. The stock had previously closed at $215.18.

Invesco S&P 500 Equal Weight ETF Trading Down 0.9%

The firm has a 50-day moving average of $211.33 and a two-hundred day moving average of $203.53. The firm has a market cap of $97.76 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Charis Legacy Partners LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after acquiring an additional 49 shares during the period. Canvas Wealth Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after acquiring an additional 50 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in Invesco S&P 500 Equal Weight ETF by 5.5% during 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 during the period. Ballast Rock Private Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares during the last quarter. Finally, Pacific Point Advisors LLC raised its stake in 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 purchasing an additional 52 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

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.