Bryn Mawr Trust Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,479 shares of the company’s stock after purchasing an additional 3,518 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,125,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $26,000. Brandywine Financial Group boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares in the last quarter. Valley National Advisers Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $31,000. Rogco LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $34,000. Finally, Asset Dedication LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $36,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
NYSEARCA RSP opened at $216.05 on Monday. The firm’s fifty day moving average price is $214.78 and its 200 day moving average price is $208.27. The company has a market capitalization of $100.26 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $224.20.
Invesco S&P 500 Equal Weight ETF 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.
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