Mirae Asset Global Investments Co. Ltd. Purchases New Position in Invesco S&P 500 Equal Weight ETF $RSP

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 44,280 shares of the company’s stock, valued at approximately $9,211,000.

A number of other institutional investors have also bought and sold shares of RSP. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after acquiring an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco S&P 500 Equal Weight ETF by 3.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after purchasing an additional 60,000 shares in the last quarter. Trust Co of Tennessee grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after acquiring an additional 12,435 shares in the last quarter. Finally, First Interstate Bank grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the first quarter. First Interstate Bank now owns 761,230 shares of the company’s stock worth $146,095,000 after purchasing an additional 4,860 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $223.33 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.50. The company has a market cap of $102.98 billion, a P/E ratio of 20.10 and a beta of 0.91. The business’s 50-day simple moving average is $214.99 and its 200-day simple moving average is $208.08.

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.