Evercore Wealth Management LLC Has $11.23 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Evercore Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.6% during the 1st quarter, HoldingsChannel reports. The fund owned 58,520 shares of the company’s stock after acquiring an additional 7,015 shares during the quarter. Evercore Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $26,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $40,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth about $42,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $215.18 on Tuesday. The company has a market cap of $96.61 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37. The stock has a 50-day simple moving average of $210.77 and a 200 day simple moving average of $203.24.

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.