Dover Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,590 shares of the company’s stock, valued at approximately $688,000.
Other large investors also recently modified their holdings of the company. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $26,000. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $28,000. IMA Advisory Services Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $33,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of RSP stock opened at $210.04 on Wednesday. The firm’s 50-day moving average is $200.12 and its 200-day moving average is $197.36. The stock has a market cap of $90.61 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.93 and a 52-week high of $210.12.
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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