Nwam LLC Increases Stake in Invesco S&P 500 Equal Weight ETF $RSP

Nwam LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 17.0% during the second quarter, Holdings Channel reports. The institutional investor owned 23,017 shares of the company’s stock after buying an additional 3,349 shares during the quarter. Nwam LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,897,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RSP. Brandywine Financial Group grew its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Hurley Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Asset Dedication LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $36,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $219.39 on Tuesday. The firm has a market capitalization of $99.14 billion, a PE ratio of 20.10 and a beta of 0.91. The business’s fifty day moving average price is $216.53 and its 200 day moving average price is $206.95. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43.

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.