Rhodes Investment Advisors Inc. ADV Makes New $794,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Rhodes Investment Advisors Inc. ADV bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, HoldingsChannel reports. The institutional investor bought 3,817 shares of the company’s stock, valued at approximately $794,000.

Several other large investors also recently modified their holdings of the stock. Bank of America Corp DE raised its stake in 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 purchasing an additional 3,567,441 shares in the last quarter. Invesco Ltd. lifted its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after purchasing an additional 444,846 shares during the period. State of Wisconsin Investment Board grew its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Invesco S&P 500 Equal Weight ETF by 13.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,460,000 shares of the company’s stock valued at $471,238,000 after buying an additional 285,000 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $400,736,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $1.73 on Wednesday, reaching $210.60. 7,338,792 shares of the stock were exchanged, compared to its average volume of 12,094,951. The firm’s 50 day moving average is $216.49 and its 200-day moving average is $209.42. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The firm has a market cap of $95.84 billion, a PE ratio of 20.10 and a beta of 0.92.

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.