Summit Global Investments Buys 61,775 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Summit Global Investments bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, Holdings Channel reports. The institutional investor bought 61,775 shares of the company’s stock, valued at approximately $12,850,000. Invesco S&P 500 Equal Weight ETF accounts for 0.6% of Summit Global Investments’ portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of RSP. Venture Visionary Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after purchasing an additional 5,887 shares during the period. Rhodes Investment Advisors Inc. ADV bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $794,000. Corient Private Wealth LP lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after purchasing an additional 58,956 shares during the last quarter. Echo45 Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 2.8% during the 2nd quarter. Echo45 Advisors LLC now owns 87,450 shares of the company’s stock valued at $18,607,000 after purchasing an additional 2,346 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $2,939,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $218.31 on Friday. The company has a market cap of $100.24 billion, a P/E ratio of 20.10 and a beta of 0.92. The stock has a fifty day moving average price of $215.05 and a 200 day moving average price of $207.75. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43.

Invesco S&P 500 Equal Weight ETF Company 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.