Quantinno Capital Management LP Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Quantinno Capital Management LP raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,683 shares of the company’s stock after purchasing an additional 29,820 shares during the quarter. Quantinno Capital Management LP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $31,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RSP. Polar Asset Management Partners Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $9,999,000. Family Manage LLC raised its position in Invesco S&P 500 Equal Weight ETF by 7,927.5% in the first quarter. Family Manage LLC now owns 64,782 shares of the company’s stock worth $12,433,000 after acquiring an additional 63,975 shares during the period. Gateway Wealth Partners LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 60.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 64,713 shares of the company’s stock worth $12,420,000 after acquiring an additional 24,315 shares during the last quarter. Visualize Group LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $22,512,000. Finally, Royal Capital Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 56.7% during the 1st quarter. Royal Capital Wealth Management LLC now owns 5,045 shares of the company’s stock valued at $968,000 after acquiring an additional 1,826 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 Price Performance

Shares of RSP stock opened at $215.01 on Friday. The company has a market cap of $97.43 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $218.11. The firm has a fifty day moving average price of $211.72 and a 200-day moving average price of $203.74.

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.