IFS Group LLC Makes New $1.15 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

IFS Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, HoldingsChannel.com reports. The firm acquired 5,982 shares of the company’s stock, valued at approximately $1,148,000. Invesco S&P 500 Equal Weight ETF makes up about 1.0% of IFS Group LLC’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also modified their holdings of the company. Morgan Stanley increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $287,168,000. Finally, State of Wisconsin Investment Board grew its position in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $215.73 on Thursday. The company has a market capitalization of $97.76 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $218.11. The company’s fifty day moving average is $211.33 and its two-hundred day moving average is $203.53.

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.