Telos Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,474 shares of the company’s stock, valued at approximately $4,675,000.
Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after acquiring an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $400,736,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $248,531,000. Finally, Trust Co of Tennessee increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after purchasing an additional 12,435 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of RSP opened at $216.87 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $224.20. The stock’s fifty day moving average is $214.89 and its 200-day moving average is $208.17. The firm has a market capitalization of $100.00 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.
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.
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