Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Eastern Bank

Eastern Bank increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 52.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 731,262 shares of the company’s stock after purchasing an additional 250,756 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 2.4% of Eastern Bank’s investment portfolio, making the stock its 11th biggest holding. Eastern Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $155,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $29,000. Hurley Capital LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares during the last quarter. Asset Dedication LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $36,000. Basepoint Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $40,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $42,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $217.11 on Tuesday. The firm has a fifty day moving average of $211.93 and a 200-day moving average of $203.92. The company has a market cap of $98.21 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 $182.11 and a 1 year high of $218.11.

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.