Investment Management Corp VA ADV Makes New $779,000 Investment in Invesco S&P 500 Equal Weight ETF $RSP

Investment Management Corp VA ADV acquired a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,746 shares of the company’s stock, valued at approximately $779,000.

Several other hedge funds have also modified their holdings of RSP. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after acquiring an additional 3,567,441 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the period. Commonwealth Equity Services LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $248,531,000. Finally, Trust Co of Tennessee raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% in the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after purchasing an additional 12,435 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 Trading Down 0.4%

Shares of RSP stock opened at $216.05 on Friday. The company has a market capitalization of $100.26 billion, a P/E ratio of 20.10 and a beta of 0.91. The business’s 50 day moving average is $214.78 and its two-hundred day moving average is $208.27. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $224.20.

Invesco S&P 500 Equal Weight ETF 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.