CVS HEALTH Corp Purchases Shares of 23,000 Invesco S&P 500 Equal Weight ETF $RSP

CVS HEALTH Corp purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,000 shares of the company’s stock, valued at approximately $4,414,000. Invesco S&P 500 Equal Weight ETF comprises approximately 2.1% of CVS HEALTH Corp’s holdings, making the stock its 15th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $29,000. Hurley Capital LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 200.0% during 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 period. Basepoint Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $40,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $42,000. 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 $212.42 on Tuesday. The stock’s 50-day simple moving average is $209.75 and its 200-day simple moving average is $202.54. The firm has a market capitalization of $95.53 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 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.