Peapack Gladstone Financial Corp Raises Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Peapack Gladstone Financial Corp grew its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,502 shares of the company’s stock after buying an additional 58,896 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.9% of Peapack Gladstone Financial Corp’s holdings, making the stock its 22nd largest position. Peapack Gladstone Financial Corp owned approximately 0.09% of Invesco S&P 500 Equal Weight ETF worth $73,463,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 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 acquiring an additional 246 shares during the period. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $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 acquiring an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $11,553,000. Finally, Gamco Investors INC. ET AL bought a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $279,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $208.83 on Monday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $174.27 and a fifty-two week high of $209.32. The business’s 50-day moving average is $199.81 and its two-hundred day moving average is $197.22. The company has a market cap of $90.09 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.