Renaissance Technologies LLC Buys 32,030 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Renaissance Technologies LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 79.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 72,230 shares of the company’s stock after buying an additional 32,030 shares during the quarter. Renaissance Technologies LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSP. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $29,000. Hurley Capital LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the period. Basepoint Wealth LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $42,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $215.01 on Friday. The stock’s 50-day simple moving average is $211.72 and its two-hundred day simple moving average is $203.74. The stock has a market capitalization of $97.43 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $218.11.

Invesco S&P 500 Equal Weight ETF Company 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.