General American Investors Co. Inc. Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

General American Investors Co. Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,611 shares of the company’s stock, valued at approximately $6,368,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calamos Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $4,701,000. Alamar Capital Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 17.5% in the 3rd quarter. Alamar Capital Management LLC now owns 1,924 shares of the company’s stock valued at $400,000 after purchasing an additional 287 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 7.3% during the 3rd quarter. Burke & Herbert Bank & Trust Co. now owns 38,353 shares of the company’s stock worth $7,978,000 after purchasing an additional 2,620 shares during the period. Steele Capital Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.9% during the 3rd quarter. Steele Capital Management Inc. now owns 223,903 shares of the company’s stock worth $46,576,000 after purchasing an additional 1,988 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 43.9% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 1,987 shares of the company’s stock worth $413,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP traded down $0.82 during trading on Friday, reaching $216.05. The company’s stock had a trading volume of 13,096,930 shares, compared to its average volume of 11,916,534. The firm has a market cap of $100.26 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $224.20. The business’s fifty day moving average price is $214.78 and its 200-day moving average price is $208.27.

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.