World Investment Advisors Has $14.25 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

World Investment Advisors raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 120.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,248 shares of the company’s stock after purchasing an additional 40,504 shares during the period. World Investment Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $14,250,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Hurley Capital LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $35,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $40,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $214.91 on Friday. The firm has a market cap of $93.84 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $215.61. The business’s fifty day moving average is $207.33 and its 200-day moving average is $200.89.

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.