Invesco S&P 500 Equal Weight ETF $RSP Shares Newly Purchased by Summit Global Investments

Summit Global Investments bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,775 shares of the company’s stock, valued at approximately $12,850,000. Invesco S&P 500 Equal Weight ETF makes up approximately 0.6% of Summit Global Investments’ investment portfolio, making the stock its 19th biggest position.

A number of other large investors have also modified their holdings of the stock. Highland Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $26,000. Brandywine Financial Group raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $31,000. Rogco LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $34,000. Finally, Asset Dedication LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $36,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.8%

Shares of NYSEARCA RSP opened at $218.31 on Friday. The stock’s 50 day moving average price is $215.05 and its two-hundred day moving average price is $207.75. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The stock has a market capitalization of $100.24 billion, a P/E ratio of 20.10 and a beta of 0.92.

About Invesco S&P 500 Equal Weight ETF

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.