Banta Asset Management LP Buys New Shares in Invesco S&P 500 Equal Weight ETF $RSP

Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, HoldingsChannel reports. The firm bought 8,635 shares of the company’s stock, valued at approximately $1,654,000. Invesco S&P 500 Equal Weight ETF makes up 1.5% of Banta Asset Management LP’s investment portfolio, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of RSP. Brighton Jones LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Bison Wealth LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $279,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9%

RSP stock opened at $206.58 on Friday. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $206.97. The company’s fifty day simple moving average is $198.46 and its 200 day simple moving average is $196.43.

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.