Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 60,872 shares of the company’s stock after purchasing an additional 2,407 shares during the quarter. IHT Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brookstone Capital Management lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after acquiring an additional 6,481 shares during the last quarter. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $1,654,000. Allen Investment Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the last quarter. Empirical Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 417.0% in the third quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after acquiring an additional 9,311 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $777,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $208.99 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $214.30. The stock has a market capitalization of $90.16 billion, a PE ratio of 20.10 and a beta of 0.91. The business’s 50 day moving average price is $204.48 and its 200 day moving average price is $199.28.

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.