Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Reaches New 1-Year High – Here’s What Happened

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $206.05 and last traded at $205.81, with a volume of 695956 shares trading hands. The stock had previously closed at $204.71.

Invesco S&P 500 Equal Weight ETF Stock Performance

The stock’s fifty day moving average price is $198.26 and its 200-day moving average price is $196.36. The firm has a market cap of $88.88 billion, a PE ratio of 20.10 and a beta of 0.92.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

A number of large investors have recently made changes to their positions in the stock. Brookstone Capital Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after buying an additional 6,481 shares in the last quarter. Argent Advisors Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after buying an additional 3,135 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after buying an additional 4,358 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $4,966,000. Finally, Empirical Asset Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 417.0% during the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock worth $2,190,000 after buying an additional 9,311 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

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.