Invesco S&P 500 Equal Weight ETF $RSP Position Raised by Invariant Investment Management

Invariant Investment Management grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 123,219 shares of the company’s stock after purchasing an additional 5,023 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 15.5% of Invariant Investment Management’s holdings, making the stock its largest position. Invariant Investment Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSP. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $29,000. Brandywine Financial Group lifted its position in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the last quarter. Hurley Capital LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares during the period. Asset Dedication LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $36,000. Finally, Basepoint Wealth LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7%

RSP stock opened at $220.09 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $221.09. The stock has a market capitalization of $99.46 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm’s fifty day simple moving average is $212.86 and its two-hundred day simple moving average is $204.46.

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.