Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Reaches New 12-Month High – Here’s What Happened

Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) hit a new 52-week high on Thursday . The stock traded as high as $208.73 and last traded at $207.49, with a volume of 9743606 shares changing hands. The stock had previously closed at $207.64.

Invesco S&P 500 Equal Weight ETF Stock Performance

The firm’s 50-day moving average price is $199.26 and its two-hundred day moving average price is $196.93. The stock has a market cap of $89.51 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley lifted its position in Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after buying an additional 2,285,526 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 buying an additional 959,176 shares during the last quarter. Bank of America Corp DE lifted its position 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 buying an additional 3,567,441 shares during the last quarter. Invesco Ltd. lifted its position in 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 during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after buying an additional 1,060,181 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

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.