KLCM Advisors Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,357 shares of the company’s stock, valued at approximately $6,007,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.1%
NYSEARCA RSP opened at $203.99 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $173.00 and a 52-week high of $205.53. The business’s 50-day moving average price is $197.95 and its 200 day moving average price is $195.61. The firm has a market cap of $88.00 billion, a P/E ratio of 20.10 and a beta of 0.92.
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.
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