Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Element Squared LLC

Element Squared LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 96,856 shares of the company’s stock after acquiring an additional 22,051 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 10.5% of Element Squared LLC’s holdings, making the stock its 2nd largest position. Element Squared LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,589,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 10.4% in the first quarter. Harbor Investment Advisory LLC now owns 71,892 shares of the company’s stock valued at $13,798,000 after buying an additional 6,772 shares during the last quarter. Prism Advisors Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 10.6% during the 1st quarter. Prism Advisors Inc. now owns 59,379 shares of the company’s stock worth $11,396,000 after acquiring an additional 5,683 shares in the last quarter. SMART Wealth LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 33.3% during the 1st quarter. SMART Wealth LLC now owns 25,864 shares of the company’s stock worth $4,964,000 after acquiring an additional 6,462 shares in the last quarter. Caliber Wealth Management LLC KS increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.9% in the 1st quarter. Caliber Wealth Management LLC KS now owns 4,879 shares of the company’s stock valued at $936,000 after acquiring an additional 93 shares during the last quarter. Finally, Members Wealth LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.0% in the 1st quarter. Members Wealth LLC now owns 4,097 shares of the company’s stock valued at $829,000 after acquiring an additional 120 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $212.77 on Wednesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $214.30. The firm has a market capitalization of $91.79 billion, a PE ratio of 20.10 and a beta of 0.91. The stock’s 50-day simple moving average is $206.65 and its 200-day simple moving average is $200.51.

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.