III Capital Management Invests $9.09 Million in Invesco S&P 500 Equal Weight ETF $RSP

III Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the second quarter, HoldingsChannel reports. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $9,087,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.6% of III Capital Management’s holdings, making the stock its 6th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after purchasing an additional 1,103,629 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after buying an additional 589,365 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.9% in the first quarter. Cresset Asset Management LLC now owns 3,987,375 shares of the company’s stock valued at $690,733,000 after buying an additional 258,708 shares during the period. Japan Science & Technology Agency bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth about $656,908,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 3,724,141 shares of the company’s stock worth $646,126,000 after acquiring an additional 65,243 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $193.41 on Friday. The stock has a market capitalization of $74.81 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s 50 day simple moving average is $189.04 and its 200 day simple moving average is $185.98. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $195.47.

About Invesco S&P 500 Equal Weight ETF

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).