Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $198.40 and last traded at $198.2590, with a volume of 6541721 shares trading hands. The stock had previously closed at $197.78.
Invesco S&P 500 Equal Weight ETF Price Performance
The company has a market capitalization of $77.87 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s 50 day simple moving average is $191.03 and its 200 day simple moving average is $188.44.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF
Hedge funds have recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $25,000. NBZ Investment Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $26,000. Aviso Financial Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Investment Counsel Co. of Nevada purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $29,000. Finally, Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
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). 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.
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