Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 1-Year High – Here’s Why

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) reached a new 52-week high on Tuesday . The company traded as high as $202.82 and last traded at $202.38, with a volume of 14584612 shares trading hands. The stock had previously closed at $202.26.

Invesco S&P 500 Equal Weight ETF Price Performance

The stock has a 50-day moving average of $195.64 and a 200-day moving average of $190.53. The firm has a market cap of $83.93 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $26,000. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $26,000. Aviso Financial Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $29,000. Finally, Tompkins Financial Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $32,000. Institutional investors own 61.18% of the company’s stock.

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.