Birmingham Capital Management Co. Inc. AL Makes New $638,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Birmingham Capital Management Co. Inc. AL bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the second quarter, Holdings Channel.com reports. The fund bought 3,000 shares of the company’s stock, valued at approximately $638,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Morgan Stanley raised its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in 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 during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after purchasing an additional 959,176 shares during the period. Bank of America Corp DE increased its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after buying an additional 3,567,441 shares in the last quarter. Invesco Ltd. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.6% in the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after buying an additional 444,846 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after buying an additional 1,060,181 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $222.11 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company has a market cap of $100.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock has a 50 day simple moving average of $215.89 and a 200-day simple moving average of $206.57.

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.