Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,514 shares of the company’s stock after purchasing an additional 13,489 shares during the period. Manning & Napier Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $30,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Hurley Capital LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares during the last quarter. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $40,000. Finally, Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $42,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP traded up $0.80 on Friday, reaching $214.30. 5,539,473 shares of the stock were exchanged, compared to its average volume of 14,463,745. The company’s 50-day moving average price is $208.58 and its 200 day moving average price is $201.64. The firm has a market capitalization of $95.63 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $216.37.

Invesco S&P 500 Equal Weight ETF Company 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.