CVS HEALTH Corp Buys New Shares in Invesco S&P 500 Equal Weight ETF $RSP

CVS HEALTH Corp bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,000 shares of the company’s stock, valued at approximately $4,576,000. Invesco S&P 500 Equal Weight ETF comprises approximately 1.1% of CVS HEALTH Corp’s portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Venture Visionary Partners LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.6% during the third quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after acquiring an additional 5,887 shares during the last quarter. Corient Private Wealth LP raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after purchasing an additional 58,956 shares during the period. Rhodes Investment Advisors Inc. ADV purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $794,000. Echo45 Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.8% in the 2nd quarter. Echo45 Advisors LLC now owns 87,450 shares of the company’s stock valued at $18,607,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $2,939,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $222.65 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $224.20. The stock has a market capitalization of $105.79 billion, a P/E ratio of 20.90 and a beta of 0.92. The stock has a 50-day simple moving average of $214.92 and a 200-day simple moving average of $208.60.

About Invesco S&P 500 Equal Weight ETF

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.