Invesco S&P 500 Equal Weight ETF $RSP Position Lifted by First Interstate Bank

First Interstate Bank lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 761,230 shares of the company’s stock after acquiring an additional 4,860 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 8.2% of First Interstate Bank’s portfolio, making the stock its 3rd largest position. First Interstate Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $146,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Seelaus Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 15.4% during the first quarter. Seelaus Asset Management LLC now owns 8,826 shares of the company’s stock valued at $1,664,000 after purchasing an additional 1,181 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $829,000. Sageworth Trust Co raised its holdings in Invesco S&P 500 Equal Weight ETF by 18.0% in the first quarter. Sageworth Trust Co now owns 112,440 shares of the company’s stock worth $21,579,000 after purchasing an additional 17,171 shares in the last quarter. Quantum Portfolio Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $104,325,000. Finally, Ascent Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $785,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $212.20 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37. The firm has a market cap of $94.70 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm has a 50-day simple moving average of $208.05 and a two-hundred day simple moving average of $201.41.

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.