SCS Capital Management LLC Acquires 214,727 Shares of Invesco S&P 500 Equal Weight ETF $RSP

SCS Capital Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,705 shares of the company’s stock after buying an additional 214,727 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.2% of SCS Capital Management LLC’s portfolio, making the stock its 16th largest position. SCS Capital Management LLC owned about 0.14% of Invesco S&P 500 Equal Weight ETF worth $114,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $26,000. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $35,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $208.83 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $174.27 and a 52 week high of $209.32. The firm has a market cap of $90.09 billion, a P/E ratio of 20.10 and a beta of 0.92. The firm’s 50-day simple moving average is $199.81 and its 200 day simple moving average is $197.22.

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.