GenTrust LLC Acquires 5,533 Shares of Invesco S&P 500 Equal Weight ETF $RSP

GenTrust LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 137,070 shares of the company’s stock after buying an additional 5,533 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 1.1% of GenTrust LLC’s holdings, making the stock its 22nd biggest position. GenTrust LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,257,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after buying an additional 635,369 shares in the last quarter. Phoenix Financial Ltd. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 13.8% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after buying an additional 214,432 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after buying an additional 54,925 shares in the last quarter. Focus Partners Wealth raised its position in shares of Invesco S&P 500 Equal Weight ETF by 13.2% during the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after purchasing an additional 150,899 shares during the period. Finally, Trust Co of Tennessee raised its position in shares of Invesco S&P 500 Equal Weight ETF by 2.4% during the 4th quarter. Trust Co of Tennessee now owns 797,760 shares of the company’s stock valued at $152,812,000 after purchasing an additional 18,986 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $203.44 on Friday. The company has a market capitalization of $87.79 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a one year low of $168.48 and a one year high of $205.24. The company’s fifty day moving average price is $197.91 and its 200-day moving average price is $194.98.

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.