Harbour Investments Inc. Increases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Harbour Investments Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,923 shares of the company’s stock after acquiring an additional 4,245 shares during the period. Harbour Investments Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RSP. Varma Mutual Pension Insurance Co purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $327,184,000. Axxcess Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after buying an additional 955,677 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after buying an additional 635,369 shares during the last quarter. AlphaCore Capital LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 622.2% in the fourth quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock valued at $113,698,000 after buying an additional 511,351 shares during the last quarter. Finally, Endurance Services Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $96,962,000. 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 $206.58 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $173.00 and a one year high of $206.97. The company has a 50-day simple moving average of $198.72 and a 200-day simple moving average of $196.64. The stock has a market capitalization of $89.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.