Invariant Investment Management Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Invariant Investment Management increased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,219 shares of the company’s stock after purchasing an additional 5,023 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 15.5% of Invariant Investment Management’s holdings, making the stock its biggest holding. Invariant Investment Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $1,654,000. Allen Investment Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the 4th 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. Vise Technologies Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the last quarter. Financial Guidance Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the fourth quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after purchasing an additional 4,197 shares in the last quarter. Finally, Meritage Portfolio Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 223.7% in the fourth quarter. Meritage Portfolio Management now owns 5,428 shares of the company’s stock valued at $1,040,000 after purchasing an additional 3,751 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $220.09 on Friday. The company’s fifty day moving average is $212.86 and its 200 day moving average is $204.46. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $221.09. The stock has a market capitalization of $99.46 billion, a PE ratio of 20.10 and a beta of 0.91.

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.