Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $205.24 and last traded at $204.59, with a volume of 21816246 shares. The stock had previously closed at $204.97.
Invesco S&P 500 Equal Weight ETF Price Performance
The company has a market capitalization of $84.84 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm has a fifty day moving average price of $198.73 and a 200-day moving average price of $192.38.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in RSP. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Aviso Financial Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $28,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth $29,000. Finally, Tompkins Financial Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
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.
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