Financially Speaking Inc Makes New $31.48 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

Financially Speaking Inc acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 164,337 shares of the company’s stock, valued at approximately $31,480,000. Invesco S&P 500 Equal Weight ETF makes up 20.4% of Financially Speaking Inc’s investment portfolio, making the stock its largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSP. Morgan Stanley raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $287,168,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after purchasing an additional 959,176 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $211.65 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $212.12. The stock has a market cap of $91.31 billion, a P/E ratio of 20.10 and a beta of 0.91. The business’s 50 day moving average is $203.40 and its 200-day moving average is $198.74.

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.