Invesco S&P 500 Equal Weight ETF $RSP Stock: Lido Advisors LLC Increases Holdings

Lido Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 156,947 shares of the company’s stock after acquiring an additional 18,110 shares during the quarter. Lido Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $32,648,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RSP. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $400,736,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after buying an additional 60,000 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $312,719,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $248,531,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $220.88 on Wednesday. The company has a market cap of $103.00 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $224.20. The business’s 50-day simple moving average is $214.82 and its 200 day simple moving average is $208.48.

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.