Redmond Asset Management LLC Buys 3,257 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Redmond Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,257 shares of the company’s stock, valued at approximately $678,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $400,736,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the period. Trust Co of Tennessee increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after purchasing an additional 12,435 shares during the last quarter. Finally, First Interstate Bank increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.6% in the 1st quarter. First Interstate Bank now owns 761,230 shares of the company’s stock valued at $146,095,000 after purchasing an additional 4,860 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.0%

NYSEARCA:RSP opened at $217.43 on Thursday. The stock’s fifty day moving average is $215.13 and its two-hundred day moving average is $207.53. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The stock has a market capitalization of $99.80 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.